Luminate Capital Partners Announces Sale of Comply365

Dec. 14, 2020

Luminate Capital Partners, a private equity firm investing in growth software companies, announced the sale of Comply365, a global provider of operational content and compliance management solutions supporting the aerospace and rail industries, to Liberty Hall Capital Partners.

Tom Samuel, chief executive officer of Comply365, said, “Over the last few years, Luminate’s team has partnered with Comply365’s leadership team to build and deliver secure, cloud-based solutions that will support the needs of the airline and rail industries well into the future. Today, we have the scale and dedication to support critical business needs of transportation companies all around the world.”

“Comply365 has experienced considerable organic growth as a result of their ability to provide mission-critical, user-friendly solutions to the aviation and rail industries,” said Hollie Haynes, managing partner at Luminate.

“The company has become the leader in providing enterprise content management and compliance solutions to the aviation and rail industries,” noted Mark Pierce, who has served as chairman of Comply365 since the Luminate investment.

Since Luminate’s investment in 2017, the company has undergone rapid transformation into a high growth provider of innovative software, doubling revenue organically while substantially improving profitability.

Comply365 was advised by AGC Partners. Legal advice to Luminate and Comply365 was provided by Kirkland & Ellis.