Carlyle acquires LiveU for over $ 400M
LiveU - one of the live video streaming and remote production solutions, used by some 3,000 major media organizations - has announced that global investment firm Carlyle has acquired the company from investment firm Francisco Partners. Details of the transaction, which is subject to regulatory approvals, are not being disclosed.
Founded in 2006, LiveU is a provider of a bonded cellular technology-based live video transmission platform, offered to major live broadcast news networks and sports content owners globally. The Francisco Partners is the seller of the product, and other PE firm that acquired LiveU just two years ago for $200 million. LiveU and Carlyle are not disclosing the terms of this latest sale, but well-placed sources tell us it’s for more than $400 million.
Carlyle noted that equity for the investment will be provided by Carlyle Europe Technology Partners (CETP) IV, a fund that invests in middle market technology-focused opportunities in Europe and the U.S. LiveU is based out of Israel, and this is Carlyle’s first tech acquisition in the country. LiveU’s technology enables customers to apply innovation and automation to the entire production workflow.
LiveU has been instrumental in supporting the growing demand for live news and sports content and the requirement to broadcast from remote and non-stationary locations, in particular as video quality requirements have increased in the era of 4K and 8K broadcasting. With over 3,000 customers in 130+ countries, LiveU’s technology enables broadcasters to guarantee live video uplink quality, helping top-tier global broadcasters as well as major sporting content owners to meet the strong demand from viewers for live and fan-based content.
Samuel Wasserman, CEO and Co-Founder of LiveU, said, “We’re excited to partner with Carlyle as we look to expand LiveU’s global footprint and service offering. This is a significant milestone for LiveU and represents a strong vote of confidence in our business. Carlyle brings deep industry expertise with their track record in the media and technology space alongside a global network. We greatly thank Francisco Partners and IGP Capital for their support and partnership over the last few years.”
Michael Wand, Managing Director and Co-Head of the CETP advisory team, added: “Carlyle has a history of investing in fast-growing and highly innovative, disruptive media technology companies and is truly excited to partner with LiveU which is at the forefront of a rapidly growing market.
Our partnership with the LiveU team will allow us to support their growth, driven by a mixture of expanding into new verticals, targeted M&A activity and through further developing their relationships with key media broadcasters, particularly in live sports where we are witnessing an exploding demand for live content.
Eran Gorev, Francisco Partners’ President of Israel & Senior Operating Partner, commented: “With Francisco Partners’ track record of investing in technology companies across the US, Europe and Israel, we were uniquely positioned to support LiveU as it expanded its customer base, geographic presence and solution suite over recent years and solidified its position as the industry leader.
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