Carlyle To Acquire LiveU

LiveU, a provider of live video streaming and remote production solutions, said today that global investment firm Carlyle has bought the company from Francisco Partners, a global investment firm that specializes in partnering with technology businesses. Details of the transaction, which is subject to regulatory approvals, are not being disclosed.

Founded in 2006, LiveU is a pioneer of a bonded cellular technology-based live video transmission platform, offered to major live broadcast news networks and sports content owners globally. LiveU’s technology lets customers apply innovation and automation to production workflows. LiveU provides an end-to-end solution combining acquisition, cloud production and IP distribution to broadcasters, sports organizations and production companies where reliability, quality, availability and low latency are key.

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

Carlyle said it will use its experience in the media tech sector to support LiveU’s growth ambitions, represented by existing investments in Disguise and NEP alongside prior investments including The Foundry, Vubiquity, BTI Studios and The Mill. Carlyle will seek to further consolidate LiveU’s market position through M&A activity and organic growth while capitalizing 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.

Carlyle said it will leverage its global network to further expand LiveU’s customer base and help to develop relationships with some of the world’s leading content providers. 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.”