Nexthink to receive a majority investment from Vista Equity Partners

Nexthink, a category creator and leader in Digital Employee Experience (DEX) management, backed by Permira, Highland, Index and Auriga, announced a definitive agreement to receive a majority investment from Vista Equity Partners, a leading global technology investor that specializes in enterprise software, valuing the company at approximately $3 billion. The transaction is expected to close in the first quarter of 2026 subject to the satisfaction of certain closing conditions.

This strategic investment comes at a time of extraordinary momentum for Nexthink and the entire DEX space, driven by the emergence of agentic IT for employees and businesses, which is redefining traditional approaches to IT management and enterprise productivity. Founder and CEO Pedro Bados, along with the Nexthink leadership team, will continue to lead the company's next phase of growth.

Lenz & Staehelin jointly with a team at Ropes & Gray LLP led by Sarah Young, advised Nexthink and its main shareholders on this transaction. The L&S team is led by Andreas Rötheli and Federico Trabaldo Togna (both Corporate and M&A), and includes Pierrick Sunier, Xavier Grivel and Alexandre Levrat (all Corporate and M&A), as well as Floran Ponce, Victoria Kinson and Kimberly Hundt (all Tax).