Synova launches Vistair sale via Houlihan Lokey

Non-disclosure agreements with several private equity players are in the process of being signed, two of the sources and a sixth source familiar said.

The business expects 2023 EBITDA north of GBP 5m, three of the sources said.

The sellside was waiting for up to date trading data and until more customer contracts were signed before moving ahead with the process, two of the sources said.

Vistair provides document management, safety and compliance software and data insight solutions to the commercial aviation industry, the defence industry and to MRO and engineering clients, according to its website.

At the time of writing, Vistair had an Likely to Exit (LTE) score of 44 out of 100, according to Mergermarket’s LTE algorithm which is based on a number of key industry, holding behaviour, and deal flow criteria.

Synova Capital acquired Vistair for GBP 9m in December 2015.

Founded in 2001, the Bristol, UK-headquartered business with an office in the US, has 140 employees, according to its website.

Vistair and Synova did not respond to requests for comment. Houlihan Lokey declined to comment.

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• Topics
• Exits
• UK / Ireland
• Technology
• Support services
• United Kingdom
• Synova Capital
• Houlihan Lokey