Software focussed private equity firm Vista Equity Partners has lead d strategic majority growth investment in Nasuni, an enterprise data platform for modern hybrid cloud environments, which values the business at approximately $1.2bn.
TCV and KKR also participated in the new investment, although further financial terms of the deal have not been disclosed.
The investment will be used to further accelerate Nasuni’s product development and commercial expansion in the global hybrid cloud market.
Nasuni’s data platform is used by over 850 companies spanning 70 countries, including some of the largest enterprises in the manufacturing, consumer goods, and energy industries.
BofA Securities served as the exclusive financial advisor and Goodwin Proctor LLP served as legal advisor to Nasuni. Kirkland & Ellis LLP served as legal counsel to Vista and TCV. KKR is making the investment through its Next Generation Technology III Fund.
Can’t stop reading? Read more
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Blackstone has raised $10bn for its latest...
TPG explores $7.5bn Asia OneHealthcare exit with sale or IPO options
TPG explores $7.5bn Asia OneHealthcare exit with sale or IPO options TPG has appointed Malayan...
Blackstone teams with Dubai Aerospace on $1.6bn annual aircraft leasing push
Blackstone teams with Dubai Aerospace on $1.6bn annual aircraft leasing push Blackstone has...