Monday, October 24, 2011

LiveChat Founders Buy Out Investor Naspers, Regain 60% Stake

livechatExclusive - The founding team of LiveChat, which delivers real-time software and web analytics solutions for e-commerce sales and support teams, has completed a management buy-out to regain control over the company, TechCrunch has learned. The founders were looking to get back a controlling equity stake in the company, and teamed up with PE firm Tar Heel Capital to acquire a 60% stake, effectively buying out investor Naspers, a massive South Africa-based media and investment group.


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