Carlyle Confirms Acquisition Of Video Streaming Platform Live U For $400 Million
- ByStartupStory | July 20, 2021
Carlyle confirms acquisition of video streaming platform Live U. The seller is Francisco Partners, another 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 over $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 valuation doubling over two years is partly a reflection of the state of media today. Specifically, video is the centerpiece of how content and information are consumed, and its presence is only growing, and so companies building tools to improve how it is captured and transmitted are hot. Another fillip to the video market has been the pandemic. LiveU will be used to record and transmit thousands of hours of events from the Tokyo Summer Games, which will be more reliant than ever on live video content given the absence of live audiences for a number of key events. But it is also due to the fact that LiveU itself is growing and consolidating its position. Most recently, it acquired its channel partner in the UK market, Garland Partners, to build more direct relationships and expand business with its clients in the region.
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