M&A Deal Summary

Vista Equity Partners Acquires Nexthink

On October 27, 2025, private equity firm Vista Equity Partners acquired internet software and services company Nexthink from Highland Europe

Acquisition Highlights
  • This is Vista Equity Partners’ 51st transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 1st transaction in Switzerland.

M&A Deal Summary

Date 2025-10-27
Target Nexthink
Sector Internet Software and Services
Buyer(s) Vista Equity Partners
Sellers(s) Highland Europe
Deal Type Secondary Buyout
Advisor(s) Qatalyst Partners (Financial)
Ropes & Gray
Kirkland & Ellis (Legal)

Target

Nexthink

Lausanne, Switzerland
Nexthink provides a cloud-based software platform that enables IT departments to monitor, analyse, and improve the digital employee experience by collecting real-time data on devices, applications, networks, and employee feedback, then triggering automated remediation. The Company was founded in 2004 and is headquartered in Lausanne, Switzerland.

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Buyer(S) 1

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 153 of 153
Sector: Internet Software and Services M&A 51 of 51
Type: Secondary Buyout M&A Deals 39 of 39
Country: Switzerland M&A 1 of 1
Year: 2025 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-18 Akuvo

Malvern, Pennsylvania, United States

Akuvo provides cloud-native collections software solutions that elevate how banks, credit unions, and fintechs collect and manage their portfolios via its products. The company provides the technology and data necessary to increase collections efficiency, provide a digital consumer experience, reduce staff costs, anticipate delinquencies, and provide insight into future credit decisions. It delivers a digital future for collections and account performance management with a visionary, behavior-based approach while taking full advantage of emerging technologies such as artificial intelligence, natural language processing, and machine learning. Akuvo is based in Malvern, Pennsylvania.

Buy -

Seller(S) 1

DESCRIPTION

Highland Europe is a growth capital investor focused on technology enabled companies addressing large market opportunities in internet, mobile and software. The Firm looks to commit €10 to €30 million in fast growth companies with at least €10 million in annual sales. The Firm will consider opportunities throughout Western Europe with global ambitions. Highland Europe was formed in 2012 and is headquartered in London.


DEAL STATS #
Overall 12 of 12
Sector: Internet Software and Services M&A 5 of 5
Type: Secondary Buyout M&A Deals 3 of 3
Country: Switzerland M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Farewill

London, United Kingdom

Farewill is an online service providing legal forms and information intended to deal with all paperwork after death. Farewill was founded in 2015 and is based in London, United Kingdom.

Sell £13M