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.
Pivotality: A sound new theory of harm in horizontal mergers?
In its review of the Novelist/Aleris merger, the European Commission relied upon a novel pivotality theory of harm, where pivotality indicates that competitors...