Vista Equity Partners to Acquire Majority Stake in Nexthink at $3 Billion Valuation

Nexthink, a leader in Digital Employee Experience (DEX) management, has entered into a definitive agreement to receive a majority investment from Vista Equity Partners, a leading global technology investor. The transaction values Nexthink at approximately $3 billion.

The strategic investment comes at a time of significant momentum for Nexthink and the DEX sector. Nexthink, which is currently backed by investors including Permira, Highland, Index, and Auriga, will continue to be led by its founder and CEO, Pedro Bados, along with the current leadership team. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.

Nexthink and its main shareholders were advised on the transaction by Lenz & Staehelin and Ropes & Gray LLP. The Lenz & Staehelin team was led by Andreas Rötheli and Federico Trabaldo Togna and included Pierrick Sunier, Xavier Grivel, and Alexandre Levrat (all Corporate and M&A), as well as Floran Ponce, Victoria Kinson, and Kimberly Hundt (all Tax).