CRA economists advised counsel to parties in the $1.65 billion merger of event management technology providers Cvent and Lanyon Solutions. CRA economists provided economic analyses and support throughout the DOJ’s extensive Second Request investigation. In the end, the DOJ cleared the merger with no remedies. Lanyon is owned by Vista Equity Partners. The combined firm will operate under the Cvent brand. CRA’s team included Michael Salinger, Gary Roberts, Paul Labys, and Michael Smith.
New vertical merger test
In vertical mergers, antitrust agencies often focus on the merging firms’ incentives to foreclose inputs to rivals when analyzing competitive effects. Less...