Vista equity partners standard operating procedures

#Vista equity partners standard operating procedures professional

The transaction represents good value for our shareholders and positions J.D. The transaction is expected to close during the third quarter of 2016 and is subject to regulatory approvals and customary closing conditions. Power to XIO Group, a global alternative investments firm, for $1.1 billion in cash. *** McGraw Hill Financial (NYSE: MHFI) announced it has reached a definitive agreement to sell J.D. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company cautions its shareholders and others considering trading in its securities that the Board only recently received the non-binding proposal letter from the Consortium and no decisions have been made with respect to the Company's response to the proposal. The Company expects that the Board will adopt various procedures and protocols designed to evaluate the proposal and safeguard the interest of the CompanyвЂ™s shareholders that are unaffiliated with the Consortium. The Board is reviewing and evaluating the proposal. A copy of the proposal letter is attached as Annex A to this press release. Qin, Boyu and Hillhouse, the вЂњConsortiumвЂќ and each a вЂњConsortium MemberвЂќ), proposing a вЂњgoing-privateвЂќ transaction (the вЂњTransactionвЂќ) to acquire (a) all of the outstanding Class A ordinary shares (including Class A ordinary shares represented by American depositary shares of the Company (вЂњADSsвЂќ, each representing one Class A ordinary shares of the Company)) not already owned by the Consortium and (b) all of the outstanding Class B ordinary shares of the Company at a purchase price in cash equal to US$31.50 per Class A ordinary share, $31.50 per Class B ordinary share and $31.50 per ADS.ДЄccording to the proposal letter, the Consortium intends to fund the consideration payable in the Transaction with a combination of equity and debt capital. (вЂњHillhouseвЂќ) and Sequoia China Investment Management LLP (вЂњSequoiaвЂќ, together with the Mr.

Ltd (вЂњBoyuвЂќ), Hillhouse TBC Holdings L.P. QinвЂќ), director and chief executive officer of the Company, Boyu Capital Advisory Co. (NYSE: ATHM) announced that its board of directors (the вЂњBoardвЂќ) has received a non-binding proposal letter, dated April 16, 2016, from Mr. VistaвЂ™s legal advisor is Kirkland & Ellis LLP.

#Vista equity partners standard operating procedures professional

Morgan Stanley is serving as financial advisor to Cvent, and Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal advisor to Cvent. The transaction is expected to close in the third calendar quarter of 2016. Closing of the deal is subject to customary closing conditions, including the approval of Cvent stockholders and required regulatory approvals.

CventвЂ™s headquarters will remain in Tysons Corner, VA. CventвЂ™s Board of Directors unanimously approved the deal and recommended that stockholders vote their shares in favor of the transaction. This acquisition is our most significant investment in this space, and further solidifies our commitment to the broader industry.вЂќД¬vent will become a privately held company. Over the last several years, Vista has developed a leading portfolio of meeting technology providers. вЂњWe are excited to work with the Cvent team to lead the business into this next phase. вЂњReggie and the Cvent team have built a leading portfolio of products and are positioned for expansion in a large and underpenetrated market,вЂќ said Brian Sheth, co-founder and President of Vista. With VistaвЂ™s financial strength to invest in Cvent now and in the future, we will be better positioned to deliver innovative solutions that transform the meetings and events industry, and to offer employees new opportunities for career growth.вЂќ вЂњThis milestone is the next chapter in our 17-year history. вЂњWe are pleased to announce this transaction that provides a significant premium for Cvent stockholders,вЂќ said Reggie Aggarwal, founder and CEO of Cvent. Cvent stockholders will receive $36.00 in cash per share, representing a premium of approximately 69 percent over Cvent's closing price on Apand a 70 percent premium to Cvent's average closing price over the past 30 trading days. Vista will acquire 100 percent of the outstanding shares of Cvent common stock for a total value of approximately $1.65 billion. The terms of this all-cash deal provide substantial value to Cvent stockholders. (NYSE: CVT) entered into a definitive agreement to be acquired by affiliates of Vista Equity Partners, a leading private equity firm focused on investments in software, data and technology-enabled businesses. Get inside Wall Street with StreetInsider Premium.