Synova sees 6.5x return with Vistair sale

Insight Partners and Liberty Hall Capital Partners have acquired Vistair, merging the company with Comply365.

  • Vistair provides data management software to the aviation and defence sectors
  • Synova invested in Vistair in 2015
  • Synova is a growth investor based in London

Synova has exited Vistair to Insight Partners and Liberty Hall Capital Partners. The firms have merged Vistair with Comply365.

The exit will deliver a return of 6.5x invested capital for Synova.

Vistair provides data management software to the aviation and defence sectors, focusing on flight operations, engineering and safety. The company is based in Bristol in England.

Over the ownership period, Vistair has transitioned from a managed service provider to a SaaS software proposition, according to a press statement.

Vistair’s EBITDA grew by over 500 percent over the ownership period, the release added.

Comply365 provides enterprise SaaS and mobile services for content management and document distribution in highly regulated industries, including aviation and rail. The company is based in Beloit in Wisconsin.

Synova is a growth investor that invests in companies valued between £20 million ($25 million; €23 million) and £250 million in the UK, Ireland, and continental Europe. The firm is based in London.

Insight Partners is a global venture capital and private equity firm headquartered in New York.

Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defence industry. The firm is based in Charleston, South Carolina.