The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the acquisition of part of the share capital of Cvent Holding Corp., by Blakstone Inc. via Capstone Borrower, Inc. and Capstone Merger Sub, Inc..
Capstone Borrower, Inc. is a special purpose vehicle, duly registered under the laws of the State of Delaware, United States of America, with no prior activities, incorporated to act as an acquisition company for the purposes of this transaction. Capstone Borrower, Inc. . is controlled by investment funds consulted/managed by Blackstone Inc. affiliates.
Capstone Merger Sub, Inc. is a special purpose vehicle, duly registered under the laws of the State of Delaware, United States of America, with no prior activities, incorporated to act as an acquisition company for the purposes of this transaction. Capstone Merger Sub is controlled by investment funds advised/managed by affiliates of Blackstone Inc.
Blackstone Inc. is a global alternative asset manager, listed in the New York Stock Exchange which operates as an investment management company and not as a conglomerate or as a decision-maker. Therefore, each company in Blackstone's investment portfolio is subject to separate management and financing and each has different investors (although investors from Blackstone's different investment funds may overlap). Each Blackstone holding company has its own management board, which often includes representatives of Blackstone.
Cvent Holding Corp. is a public company duly registered under the laws of the State of Delaware, United States of America, and is a technology provider (meetings, events and hospitality technology provider) that conducts meetings, events and hospitality.
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