Berkshire Partners has made an equity investment in Tango, a provider of cloud-based store lifecycle management and integrated workplace management software. The deal is intended to extend Tango’s market position and accelerate growth.
Tango’s real estate and facilities service offer capabilities across analytics, transactions, projects, lease, space, reservations and maintenance. The firm partners with over 1,000 brands and its SaaS services are used in 140 countries.
“Today is a milestone moment in the evolution of Tango,” said Pranav Tyagi, Tango founder and CEO. “In addition to their experience in investing across the technology and software ecosystems, the Berkshire team has helped companies accelerate growth strategies to the benefit of all stakeholders. This capital will play a pivotal role in unlocking the next chapter of our growth story as we seek to take Tango to the next level.”
“We invested in Tango because of its unparalleled understanding of the market, innovative approach to developing and delivering industry-leading solutions and services, incredible roster of clients, and strong team of industry experts,” said Andrew Lindner, Co-Founder and Partner at Frontier Growth.
Shea & Company, LLC served as exclusive financial advisor and Reed Smith LLP served as legal advisor to Tango on the transaction. Ropes & Gray LLP served as legal advisor to Berkshire Partners.