Private equity firm Liberty Hall Capital (Liberty Hall) has successfully closed an oversubscribed single-asset continuation fund to support the continued growth of Comply365, a global compliance, safety, and training platform serving the aviation, defence, and rail industries.
The newly formed fund will allow Liberty Hill, which focuses exclusively on the global aerospace and defence industry, to continue to support Comply365’s go-forward investment strategy and accelerate growth through strategic acquisitions. Liberty Hall acquired the 2007-founded company in December 2020.
Terms of the transaction were not disclosed, and the transaction resulted in no change to the governance of Comply365, which includes Insight Partners, a global software investor, as an equal investor with Liberty Hall. Lead Edge Capital Management, a growth equity firm investing in software, internet, and technology-enabled businesses, served as the lead investor.
Following the continuation fund’s closing, Liberty Hall has invested over $1b in equity capital across seven platforms and twelve add-on acquisitions of businesses serving the global aerospace and defence industry.
