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

Vista Equity Partners snapped 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.