Blackstone Completes Acquisition of Industry-Leading Cvent Holding Corp
June 23, 2023
🌥️Trending News
The completion of the acquisition by Blackstone marks a significant milestone for both firms, as Blackstone is now a majority shareholder in the company. Blackstone is one of the largest private equity firms in the world, and this new partnership will enable Cvent ($NASDAQ:CVT) to continue its strong growth trajectory and expand its customer base. This is a significant investment for Blackstone, as it represents their largest purchase in the events and hospitality technology industry to date. With the acquisition complete, Cvent will be able to leverage Blackstone’s resources to expand its reach in both the domestic and international markets. Cvent’s existing customers will now benefit from access to Blackstone’s wide range of services and expertise.
In addition, Blackstone will be able to use Cvent’s technology to provide corporate customers with even better event planning solutions. Cvent’s success in the industry is likely to continue as it takes advantage of Blackstone’s resources and expertise. With this acquisition complete, both companies are poised for exciting growth in the coming years.
Share Price
On Friday, Blackstone completed its acquisition of CVENT HOLDING—an industry-leading cloud-based enterprise event management platform. With the completion of the acquisition, CVENT HOLDING stock opened at $8.5 and closed at $8.5, signaling a strong market response to the acquisition. The acquisition is expected to strengthen Blackstone’s existing portfolio of technology investments, as well as expand CVENT HOLDING’s reach and capabilities internationally. The combination of the two companies is expected to create a powerful platform to address the needs of the modern event management industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cvent Holding. More…
| Total Revenues | Net Income | Net Margin |
| 659.41 | -101.52 | -15.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cvent Holding. More…
| Operations | Investing | Financing |
| 136.74 | -113.58 | -105.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cvent Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.26k | 658.05 | 3.25 |
Key Ratios Snapshot
Some of the financial key ratios for Cvent Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | – | -11.7% |
| FCF Margin | ROE | ROA |
| 11.7% | -3.0% | -2.1% |
Analysis
As an investor, it’s important to do your due diligence before investing in any company. At GoodWhale, we’ve analyzed CVENT HOLDING‘s financials and have classified the company as a ‘cheetah’ – a type of company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. CVENT HOLDING has an intermediate health score of 6/10 according to our analysis. This means that the company is likely to safely ride out any crisis without the risk of bankruptcy. We would recommend that investors interested in a company like this should carefully consider the risk of investing in it, as the company may not be able to sustain its high growth rate in the long run. CVENT HOLDING is strong in liquidity and solvency, but is medium in growth and weak in asset, dividend, and profitability. Companies with this profile may be attractive to investors looking for long-term returns, but they should also be aware of the potential risks associated with investing in a company with a weaker balance sheet. More…
Peers
The company was founded in 1999 and is headquartered in Tysons Corner, Virginia. Cvent has over 3,000 employees and serves over 250,000 customers in 100 countries. The company went public in 2013 and is listed on the New York Stock Exchange under the ticker symbol CVT. Cvent’s main competitors are Salesforce, Cistera Networks, and Tintri.
– Salesforce Inc ($NYSE:CRM)
Salesforce is a cloud-based software company that provides customer relationship management (CRM) software to businesses of all sizes. Its products allow businesses to manage their customer relationships and sales processes in a single system. The company’s market cap is $160.17 billion and its ROE is 0.08%.
– Cistera Networks Inc ($OTCPK:CNWT)
Cistera Networks Inc is a company that provides software-defined networking solutions. The company has a market capitalization of 1.12 million as of 2022 and a return on equity of 3.67%. The company’s products are used by enterprises and service providers to simplify and automate the delivery of network services.
– Tintri Inc ($OTCPK:TNTRQ)
Tintri Inc is a company that provides cloud storage and data management solutions. It has a market cap of 675.02k and a ROE of 116.12%. The company’s products and services are used by organizations to store, manage, protect and analyze their data.
Summary
Cvent Holding Corp. is a leading provider of meetings, events, and hospitality technology solutions. The company recently completed its acquisition by Blackstone, a global investment firm. Analysts expect an overall positive impact on Cvent’s financials, as the new ownership brings with it a wealth of financial resources. Furthermore, the acquisition will enable Cvent to further its growth strategy and tap into broader markets.
The new capital is also expected to help the company invest in new technologies and create a competitive edge in the industry. Investors are likely to benefit from this move, as Cvent’s stock is expected to rise in the near term.
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