Under Sheth's watch, Vista Equity Partners has conducted more software acquisitions than any other ... [+] company or investor in recent years. Patrick T. Fallon/BloombergFollowing billionaire Robert Smith’s admission to tax fraud last week, one of his private equity firm’s top dealmakers—cofounder and president Brian Sheth—looks set to depart. Smith also confirmed to executives on the call that Sheth is likely to leave the private equity firm, according to sources cited by Bloomberg and Axios. Investments involving Vista Equity Partners were central to Brockman’s alleged scheme, with Smith admitting his participation in the purported tax evasion cover-up. Under his watch, the firm has conducted more software acquisitions than any other company or investor in recent years.

Source: Forbes October 19, 2020 21:11 UTC