14 days ago • Posted by William Ramstein

Event management software firm Cvent nears a $5B SPAC deal

It appears that the event management company is going to merge with Dragoneer Growth Opportunities Corp. II in a transaction that values the private equity owned company at more than $5B. Cvent is owned by private equity firm Vista Equity Partners which took the company private in 2016 in a $1.65B deal. Before the pandemic, the firm focused on organizing live events but wth the lockdowns it pivoted into a fast growing arena of virtual events. Source: WSJ