Houlihan Lokey Advises Vistair

Houlihan Lokey is pleased to announce that Vistair, a portfolio company of Synova, has been acquired by Insight Partners and Liberty Hall Capital Partners (Liberty Hall) and merged with Comply365, LLC (Comply365). Houlihan Lokey acted as the exclusive financial advisor to Vistair.

Vistair is one of the world’s leading software providers of operational data management for aviation technical publications, safety, and regulatory content. Its technology drives the digital transformation of safety, efficiency, and compliance and is trusted by many of the most progressive aviation and defence organisations worldwide.

Comply365 is a leading provider of enterprise SaaS and mobile solutions for content management and document distribution in highly regulated industries, including aviation and rail, providing personalised delivery of job-critical data that enables safe, efficient, and compliant operations.

The merger of Comply365 and Vistair will create a leading global provider of compliance, safety, and data intelligence technologies serving the aviation, defence, and rail industries.

In connection with the merger, Insight Partners, a global software investor, has joined Liberty Hall, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defence industry and Comply365’s controlling shareholder, as an equal investor in the combined business. The two private equity firms’ investment provides the combined company the capital to accelerate product differentiation and new product development into cutting-edge, mission-critical products supporting aviation, defence, and rail technologies—with a vision of superior compliance and safety innovation for the benefit of its customers.

RELATED: Technology, Financial Sponsors Coverage, Corporate Finance