A Lucrative Stake in Robert Smith’s Vista May Soon Be for Sale
- Talks come months after Smith tax fraud case, co-founder exit
- Dyal locked in tussle with others over its Owl Rock merger
Robert Smith
Robert Smith Photographer: Jason Alden/Bloomberg
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Billionaire Robert Smith’s Vista Equity Partners is discussing a stake sale to reduce Dyal Capital’s lucrative ownership slice in the buyout shop.
Smith has kicked off discussions with executives at Dyal in recent weeks seeking a partial sale of their stake in his firm, according to people with knowledge of the matter. For Dyal, its holding in Vista is one of its most valuable investments, with the tech-focused private equity firm’s assets having grown five-fold since its initial purchase in 2015.