Cvent

active

Software — Vista Equity Partners

Deal Terms

Entry Year2016

Entry EV$1.65B

Entry Multiple10x

Leverage5.5x

Debt Amount$0.91B

Risk Metrics

LTV (est.)55%

Debt / EV0.55x

Notes

Vista took event management SaaS private for $1.65B (2016). SPAC re-IPO at $5.3B (2021). Stock crashed 60%+. Taken private AGAIN in 2024. COVID devastated events industry. Triple PE cycle: private → public → private. Vista's favorite move — buy, SPAC, rebuy.

Sponsor

Partners Group$185B AUM