Blackstone is one of a number of private equity firms considering making a bid to acquire Cvent Holding Corp, a US-based provider of software for the events management sector, in a deal that could value the business at up to $4 billion, according to a report by Reuters.
News of a potential sale of the firm, which offers a range of products for automating the event management process, pushed the company’s shares 23% higher on 31 January, up roughly 1% in trading.
A deal would see Cvent return to private hands, where it was in 2016, when PE firm Vista Equity Partners acquired the company for $1.6 billion. Dragoneer then took the company public in 2021.
