M&A Deal Summary

The Carlyle Group Acquires LiveU

On July 20, 2021, private equity firm The Carlyle Group acquired digital media company LiveU from Francisco Partners and Israel Growth Partners

Acquisition Highlights
  • This is The Carlyle Group’s 3rd transaction in the Digital Media sector.
  • This is The Carlyle Group’s 336th transaction in the United States.
  • This is The Carlyle Group’s 12th transaction in New Jersey.

M&A Deal Summary

Date 2021-07-20
Target LiveU
Sector Digital Media
Buyer(s) The Carlyle Group
Sellers(s) Francisco Partners
Israel Growth Partners
Deal Type Secondary Buyout
Advisor(s) GCA Altium (Financial)

Target

LiveU

Hackensack, New Jersey, United States
LiveU is the 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 enables customers to apply innovation and automation to the entire production workflow. LiveU was founded in 2006 and is based in Hackensack, New Jersey.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 705 of 749
Sector: Digital Media M&A 3 of 3
Type: Secondary Buyout M&A Deals 113 of 130
State: New Jersey M&A 12 of 12
Country: United States M&A 336 of 350
Year: 2021 M&A 17 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Inpart

Sheffield, United Kingdom

Inpart develops curated digital solutions that drive impact from research by simplifying the initial connection between teams in academia and industry across all sectors. Inpart is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 J&J Africa

Beira, Mozambique

J&J Africa is a transporter and logistics provider specializing in reliable and efficient international transportation along the Beira Corridor. J&J also offers state of the art warehouse facilities for the handling of bulk and container cargo. J&J Africa was established in 1995 and is based in Beira, Mozambique.

Sell -

Seller(S) 2

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 74 of 88
Sector: Digital Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 18 of 22
State: New Jersey M&A 3 of 4
Country: United States M&A 60 of 73
Year: 2021 M&A 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Availity

Jacksonville, Florida, United States

Availity is a revenue cycle management platform and electronic clearinghouse that connects hospitals and physicians with health plans. Availity’s solutions help healthcare professionals manage the clinical and financial data needed to fuel real-time coordination between providers, health plans, and patients in a growing value-based care environment. Availity was founded in 2001 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 nShift

Oslo, Norway

nShift is a global provider of cloud delivery management solutions enabling the frictionless shipment and return of almost one billion shipments across 190 countries. nShift’s software is used globally by e-commerce, retail, manufacturing, and 3PL shippers. nShift was established in 2021 and is based in Oslo, Norway.

Buy -
SELLER

Israel Growth Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Israel Growth Partners is a growth capital investment firm focused on investing in technology based, growth-stage Israeli companies. The Firm targets companies with at least $10 million in revenue possessing strong management, proven business models, and differentiated technology. Israel Growth Partners was formed in 2014 and is headquartered in Tel Aviv, Israel.


DEAL STATS #
Overall 3 of 4
Sector: Digital Media M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 LiveU

Hackensack, New Jersey, United States

LiveU is the 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 enables customers to apply innovation and automation to the entire production workflow. LiveU was founded in 2006 and is based in Hackensack, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Jacada

Herzliya, Israel

Jacada is an enterprise software provider in the customer service automation space, with award-winning robotic process automation and conversational AI capabilities. Customers can benefit from an improved customer experience at every touch point with the organization, whether at the contact center, on the mobile device, the website, or at the retail store. Jacada was founded in 1990 and is based in Herzliya, Israel.

Sell -