TPG Invests in IT Enterprise Management Solutions Provider Tanium
Ropes & Gray represented TPG in its investment in Tanium, an IT enterprise management and security solutions provider based in Emeryville, Calif. TPG, Institutional Venture Partners, funds and accounts advised by T. Rowe Price Associates, Inc., and existing investor Andreessen Horowitz, have invested a total of $120 million in Tanium. The IT company plans to use the additional capital to expand its business operations. The deal was announced on Sept. 2.
The Ropes & Gray team was led by private equity partner Carl Marcellino (New York) and included intellectual property transactions associate Michael Kurzer (New York).