Global investment firm Permira has realised its investment in Nexthink, a developer of Digital Employee Experience (DEX) management software. The all-cash transaction, which values the business at around $3bn sees Vista Equity Partners (Vista) acquire a majority holding.
Permira was Nexthink’s largest shareholder, with a c25% stake.
Founded in Lausanne, Switzerland, and dual-headquartered in Lausanne and Boston, Nexthink provides organisations with a real-time view of technology performance by analysing signals across devices, applications, and networks. The company’s generative and agentic AI capabilities allow IT teams to anticipate needs, identify and resolve issues, and automate improvements at scale. The company is one of the largest enterprise software businesses in Europe.
Permira first invested in Nexthink in March 2021, partnering with Founder and CEO Pedro Bados and the company’s leadership team. Over the past four years, Nexthink has more than tripled its annual recurring revenue. The company completed its transition to a multi-tenant SaaS platform, launched automation and AI capabilities, and improved customer retention. Permira’s returns from the deal are reportedly 2.4x MM and 29% IRR.
