Permira on its $180m growth equity
Torch Partners has acted as financial adviser to Permira’s Growth Opportunities Fund I (“Permira)”) on its role in leading the Series D financing round for Nexthink, valuing the business at $1.1 billion. As part of the transaction, existing investors including Highland Europe and Index Ventures have also invested in the business.
Founded in 2004 in Lausanne, Switzerland with additional headquarters in Boston, United States, Nexthink is the leader in digital employee experience (DEX) management software. The Company’s digital platform provides IT teams with a cloud-native solution that enables unprecedented insight into employees’ daily experiences of technology at the device, application and network level. Its solutions provide event-level visibility and advanced visualizations making troubleshooting dramatically easier, empowering IT teams to continuously improve employees’ digital experiences and solving problems in minutes instead of days.
Nexthink currently has close to 700 employees and following another year of hypergrowth, crossed $100m in ARR in 2020. The Company serves 11 million employees and more than 1,000 firms including 200 of the Global 2000.
The Permira funds’ investment was made through the Growth Opportunities Fund I, which seeks to make minority investments in growth-focused businesses. Torch Partners acted as financial advisor to Permira, further demonstrating Torch’s experience in advising leading financial sponsors on investments in high growth software and SaaS companies.
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