M&A Deal Summary

Marlin Equity Partners Acquires Tangoe

On April 28, 2017, private equity firm Marlin Equity Partners acquired software company Tangoe

Acquisition Highlights
  • This is Marlin Equity Partners’ 21st transaction in the Software sector.
  • This is Marlin Equity Partners’ 47th transaction in the United States.
  • This is Marlin Equity Partners’ 3rd transaction in Indiana.

M&A Deal Summary
Date 2017-04-28
Target Tangoe
Sector Software
Buyer(s) Marlin Equity Partners
Deal Type Going Private
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

Tangoe

Indianapolis, Indiana, United States
Tangoe is a provider of IT and Telecom Expense Management (TEM) software and related services to a wide range of global enterprises and service providers. Tangoe helps companies transform the management of IT assets, services, expenses, and usage to create business value, increase efficiency, and deliver a positive impact to the bottom line. Tangoe was founded in 2000 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 58 of 116
Sector (Software) 21 of 33
Type (Going Private) 3 of 5
State (Indiana) 3 of 3
Country (United States) 47 of 83
Year (2017) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Asentinel

Memphis, Tennessee, United States

Asentinel is a provider of Telecom Expense Management (TEM) software and complementary services that help streamline and automate fixed and mobile telecom spend. Asentinel was founded in 2002 and is based in Memphis, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Lochbridge

Detroit, Michigan, United States

Lochbridge, Inc. is a provider of broad range of IT services for distributed, mainframe and mobile environments, and provides guidance to its customers that helps maximize the value of their technology.

Sell -
Mergr

Product

Company

Legal