Cvent . has agreed to merge with a special-purpose acquisition company in a deal that would take the event-management software company public, The Wall Street Journal reports, citing people familiar with the matter.
Cvent is slated to merge with Dragoneer Growth Opportunities II in a transaction that values the private-equity-owned company at more than $5 billion including debt, the people said.
Cvent is owned by private-equity firm Vista Equity Partners, which took the company private in 2016 in a $1.65 billion deal. Read more.
