Tango Has Received an Equity Investment from Berkshire Partners
Tango Profile
- Tango, a portfolio company of Frontier Growth, is the leading provider of cloud-based store lifecycle management and integrated workplace management software
- Tango offers an end-to-end solution encompassing site selection, project management, lease administration & accounting, facilities maintenance and space management
- Tango was founded in 2008 and is headquartered in Dallas, TX
Berkshire Partners Profile
- Berkshire Partners is a private equity firm managing more than $15.5 billion in capital and has made 135+ investments since its inception
- The firm invests in software and technology companies operating in the education, government, real estate and facilities management, construction, professional services, and compliance end sectors
- Berkshire Partners was founded in 1984 and is headquartered in Boston, MA
Frontier Growth Profile
- Frontier Growth is a leading growth equity firm seeking to make both majority and minority investments in high-growth software businesses
- The firm invests across a wide range of verticals in the software sector and has $1.1 billion in assets under management
- Frontier Growth was founded in 1999 and is headquartered in Charlotte, NC
“
Today is a milestone moment in the evolution of Tango…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’re honored to welcome Berkshire as an investor and look forward to benefiting from the insights of their investment and portfolio support professionals.
Pranav Tyagi
CEO, Tango
“
In a post-COVID world, active management of real estate and facilities is more important than ever, and companies require solutions to help them stay in sync with a dynamic environment. Given Tango’s strong market share and the unique solutions it provides to an array of blue-chip customers around the world, we view Tango to be a disruptive innovator that has significant potential to drive further value. We are excited to partner with Pranav and the entire Tango team to support the company’s continued commitment to product innovation and sustained growth in its dynamically evolving market.
Jon Nuger
Principal, Berkshire Partners
- Tango’s investment from Berkshire Partners was announced on December 06, 2021; financial terms were not disclosed
- Shea & Company served as the exclusive financial advisor to Tango and Frontier Growth