The Carlyle Group acquires Livingstone June 4th, 2018

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces that it has agreed to acquire a majority stake in Livingstone Technologies Limited (Livingstone) from a group of its founding investors. Equity for the investment will come from Carlyle Europe Technology Partners III and Livingstone’s management team will retain its current stake in the company. Financial terms of the transaction are not disclosed.

Livingstone is the largest independent provider of Software Asset Management (SAM) Managed Services in the UK. Founded eight years ago in Reading, UK, the company delivers SAM intelligence to its customers so that they can closely manage their software licences and achieve cost savings, quantifiable risk mitigation, licence optimisation and vendor audit readiness.

https://www.carlyle.com/media-room/news-release-ar…

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