Ally Financial, Fidus Investment and RF Investment Partners provided financing for the acquisition of Comply365, a provider of operational content and compliance management solutions for the aerospace and rail industries, by Liberty Hall, a private equity firm. The sellers include investment funds managed by Luminate Capital Partners.
Comply365 was advised by AGC Partners. Legal advice to Luminate and Comply365 was provided by Kirkland & Ellis and legal advice to Liberty Hall was provided by Gibson Dunn & Crutcher.
“We are very excited for Comply365 to join our portfolio of businesses as our seventh platform acquisition,” Rowan Taylor, founding and managing partner at Liberty Hall, said. “Ongoing digitalization in the aviation and rail markets is driving demand for tailored, efficiency-centric software solutions, and Comply365 is a leading solution provider solving core pain points across the entire operational content and compliance management process.”
“We are excited to partner with management and provide Comply365 the necessary resources to continue to build upon its differentiated product offering, execute on its global expansion opportunities and solidify its position as a market leader in the operational content and compliance management arena for the transportation industry,” Jack Nadal, partner at Liberty Hall, said.
Comply365’s existing management team, led by Tom Samuel, CEO, will remain in their roles following the acquisition.
“We are excited to partner with Liberty Hall in order to accelerate implementation of our strategic product vision and execute on our key go-to-market growth plans,” Samuel said. “We look forward to leveraging Liberty Hall’s resources, relationships and global reach within the aerospace industry to continue to bring critical operational content and compliance management solutions to our customers.”
