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New Deal


Announced

Silver Lake-backed Blackhawk Network to acquire Tango Card.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

gift cards

Acquisition

Private

Domestic

Friendly

Single Bidder

Online and Social Platforms

Majority

Pending

Private Equity

Synopsis

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Silver Lake-backed Blackhawk Network, a branded payment solutions provider, agreed to acquire Tango Card, a digital rewards, e-gifting and payments platform. Financial terms were not disclosed. “Tango pioneered the digital-first reward experience through its powerful API, coupled with world-class service and exceptional breadth of global content, making it the perfect complement to BHN’s global product portfolio. We have been a longtime partner to Tango and were also an early investor. We are thrilled with the opportunity to combine the best of BHN with the best of Tango to provide leading, global, scalable solutions and innovation to the rewards and incentives industry,” Talbott Roche, BHN CEO and president.

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