Keensight Capital exits Vision-Box for around €320m EV

Vision-Box is a software provider for air travel, border control and ID management.

  • Keensight Capital invested in Vision-Box in 2015
  • Amadeus, a multinational tech company, is the seller
  • Keensight is a European growth buyout firm

Keensight Capital has exited its investment in Vision-Box, a end-to-end software provider for air travel, border control and ID management, to Amadeus for an enterprise value of around €320 million.

Lisbon, Portugal-based Vision-Box’s expected 2023 revenues is around €70 million.

Keensight Capital invested in Vision-Box in 2015.

Vision-Box benefitted from a growing demand for biometrics and border control services, driven by the travel industry’s increased focus on the digitalisation of the passenger journey to improve the experience of travel, meet operational pressures, and deliver against regulatory demands, according to a release.

The acquisition of Vision-Box will bring new capabilities around biometrics hardware and software to Amadeus, adding border control services service to Amadeus, the release said.

Paris-based Keensight is a European growth buyout firm that invests in companies with revenues in the range of €10 million to €400 million.

Madrid, Spain-based Amadeus is a multinational technology company serving the global travel and tourism industry.

Houlihan Lokey acted as exclusive financial advisor to Vision-Box and Keensight Capital.