Buyout Giant Vista Buys Nexthink Stake From Permira in Bet on AI

Vista Equity Partnerssnapped up a majority stake in Nexthink SA, valuing the Swiss-American software company at $3 billion, the firm said in a statement.

Vista, the private-equity fund led by billionaire Robert F. Smith,bought the stake from rival investors including Permira, the latter company told Bloomberg News in a written response.

Venture Capital firm Index Ventures has been also among funds that sold their stake, people familiar with the matter said. Index Ventures couldn’t be immediately reached for comment.

When Permira participated in a funding round of Nexthink in 2021, the firm was valued at $1.1 ...