pro360

LiveU has been acquired by global investment firm Carlyle

LiveU, the leader in live video streaming and remote production solutions, has announced that global investment firm Carlyle (NASDAQ: CG) has acquired the company from Francisco Partners.

Founded in 2006, LiveU provides cloud production and IP distribution to broadcasters, sports organisations and production companies across the world.

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.

LiveU is currently gearing up for the Tokyo Summer Olympics, with thousands of hours of live video content expected to be transmitted live from the games.

Carlyle will seek to further consolidate LiveU’s market position through M&A activity and organic growth while capitalising on the rapidly growing demand for high-quality live video transmission.

This trend is expected to accelerate with the rollout of 5G, and as media production in the cloud progresses, increasing the requirements for flexible and remote operations.

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 US.

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, said: “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.

“We believe that the ongoing shift towards high quality real-time video content, the cost advantages of bonded cellular versus alternative transmission technologies, and the opportunity to bring live broadcast to hitherto neglected areas such as semi-pro or non-professional sports, provides an enormous growth potential for LiveU.”

Eran Gorev, Francisco Partners’ President of Israel & Senior Operating Partner, said: “With Francisco Partners’ track record of investing in technology companies across the U.S., 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.

“We are proud to have helped Samuel and LiveU’s management team build upon their vision as they continued to innovate, capitalise upon many emerging opportunities in the live video distribution and remote production markets, and cross the $100 million mark in annual sales.

“We look forward to following the company as it continues to evolve in this next phase of its growth.”

GCA Altium advised LiveU on the transaction.

Details of the transaction are not being publicly disclosed.