June 15, 2018 | Announcements

GCA Advises Livingstone on Its Sale to Carlyle

We are pleased to announce that we acted as exclusive financial advisor to our client Livingstone, a leading independent provider of software asset management services, on its sale to The Carlyle Group.

Founded in 2010, Livingstone Holdings Limited (“Livingstone”) offers a full range of services covering all major enterprise software vendors. The company works with clients to collect and analyze information to establish their effective license positions, determine if software usage is higher or lower than legally contracted, address any related issues and create a framework to optimize their software deployment over time.
Livingstone has delivered strong revenue and EBITDA growth over the past few years and now provides software asset management services to a blue-chip, global enterprise customer base spanning multiple sectors and countries.
Tim Green, CEO of Livingstone, said: “Software licensing terms are becoming more complex and software costs continue to rise. Software asset management is increasingly perceived as a key area of risk for many large organizations. Our independent approach and compelling proprietary technology is well positioned to take advantage of increasing demand for sophisticated software asset management tools. We look forward to working with Carlyle as our new partner as they support our plans for continued growth and expansion.”
Fernando Chueca, Managing Director at The Carlyle Group, said: “Livingstone is an attractive, profitable business with a strong track record of establishing and growing relationships with large enterprise customers. The company has an innovative approach to software asset management services and we look forward to working with Tim and his team on the company’s next growth phase.”
This is our most recent technology transaction, as we recently advised RPX on its sale to HGGC, ResDiary on its sale to AccorHotels and NorthEdge on its investment in Cloud Technology Solutions.

About GCA
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.


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