BaltCap exits Ridango
BaltCap sells its majority stake in Ridango to Bregal Milestone, a leading European growth equity firm headquartered in London.
Ridango, founded in 2009, is a global market leader in intelligent transportation software for public transport authorities, municipalities, cities, and private transport operators. Ridango has built one of the world’s leading integrated automated fare collection and operations control software platforms, serving more than 150 customers in over 25 countries across five continents.
Kristjan Kalda, BaltCap´s partner and chairman of the supervisory board of Ridango, added: “I would like to thank the fantastic international team in Ridango. Together we built the foundations of global challenger, the strategic move will help the company to continue on chosen path.” “Our partnership with Bregal Milestone marks next step in our growth strategy. We extend our sincerest thanks to our prior investors, BaltCap Private Equity,” said Erki Lipre, Founder CEO of Ridango. “Public transportation is at the heart of sustainable urban development, and the team at Ridango is tirelessly committed to delivering the most advanced solutions to help modernize transit networks for the future.”
Founder CEO Erki Lipre and management team will continue with the company.
The transaction will be closed after necessary regulatory approvals have been obtained. Terms of the transaction are not disclosed.
About BaltCap Private Equity Fund III
BaltCap Private Equity Fund III (BPEF III) established in 2019 makes equity investments in innovative companies based in the Baltic region focusing on buy-and-build opportunities. The size of BPEF III together with its supplementary investment facilities is 184 million euros.
About Bregal Milestone
Bregal Milestone is a leading software and technology private equity firm with c.€1.3 billion of capital raised since inception. The firm provides growth capital and operational support to build market-leading technology companies. Bregal Milestone is part of Bregal Investments, a leading global investment platform with assets under management of over €19 billion.
For more info, please contact:
For BaltCap
Kristjan Kalda
Partner
E-mail: kristjan.kalda@baltcap.com
For Ridango
Aksel Kirikal
Head of Marketing & Communications