Virtalis is a world-leading virtual reality and advanced visualisation company. As global acceptance of virtual reality as an industrial and enterprise tool increased in recent years, we recognised the potentially strong attraction of Virtalis to strategic acquirers in the software sector and financial sponsors seeking a platform acquisition.

Virtalis logo

Virtalis – a world leader in virtual reality and advanced visualisation

Established in 2003, Virtalis has developed to become a world-leader in virtual reality software and systems for industrial enterprise. The company's software enables computer aided design model data to be translated into a 3D, immersive visualisation, allowing engineers for example, to interact with a product, asset or operational environment in the virtual world in real time. Some of the benefits of the software include saving costs on developing physical prototypes, helping enhance design quality through better traceability and elimination of errors, and improving training for users and maintainers. Virtalis’ highly technical products serve a wide range of industries including automotive, aerospace, construction and utilities.

Alpina and Virtalis – a strong fit

In Alpina Partners we identified and engaged with an investor with the technical understanding and breadth of mandate to acquire Virtalis. Alpina Partners is an established pan-European technology investment firm backing leading technology companies in Europe. Its German focus and relationships provide interesting synergy and business development opportunities for Virtalis under its ownership.

A complex transaction completed successfully and quickly

We worked closely with Virtalis for some time to carefully plot the universe of potential acquirers and prepare for engagement with them. By injecting a competitive dynamic into the M&A process LGB Corporate Finance secured multiple bids from overseas acquirers, resulting in a transaction that was completed efficiently at an attractive enterprise value, within five months. The addition of bank financing and the requirement to carefully structure and negotiate deal terms to capture future upside for the owner managers remaining with the business brought additional complexity to the closing process. Our client was able to successfully navigate this complexity with our intimate knowledge of the business and intensive involvement throughout the transaction.

Key facts

2003

Virtalis has become a world-leader in virtual reality software and systems for industrial enterprise since it was established

5 months

LGB Corporate Finance delivered a completed transaction within five months