Ridango: Strategic Move with Bregal Milestone as BaltCap Exits
Deal News | Mar 19, 2025 | BaltCap
BaltCap, a prominent private equity firm in the Baltic region, has announced its exit from Ridango, selling its majority stake to Bregal Milestone. Ridango, a leader in intelligent transportation software, serves a global customer base with its advanced fare collection and operations control platforms. The transaction aligns with Ridango's growth strategy, supported by Bregal Milestone—a distinguished software-focused private equity firm headquartered in London. The deal, awaiting regulatory clearance, marks a significant milestone in Ridango's trajectory toward enhancing urban public transport solutions. BaltCap Private Equity Fund III, focusing on innovative regional investments, facilitated Ridango's development as a global challenger. Meanwhile, Bregal Milestone, with considerable capital resources, plans to bolster Ridango's capabilities in sustainable urban transit measures.
Sectors
- Private Equity
- Intelligent Transportation Systems
- Technology
Geography
- Baltic Region – BaltCap is a prominent investor in this region, indicating the geographical origin and focus of its investment strategy.
- United Kingdom – Bregal Milestone is headquartered in London, suggesting its strategic interest and operational base.
Industry
- Private Equity – Involved due to BaltCap and Bregal Milestone's investment and divestment activities in Ridango.
- Intelligent Transportation Systems – Ridango's core business involves providing automated fare collection and operation control software for transportation.
- Technology – Bregal Milestone focuses on building technology companies, aligning with Ridango's operations in software for transportation.
Financials
- 184 million euros – Total size of BaltCap Private Equity Fund III, inclusive of supplementary investment facilities.
- c.1.3 billion – Capital raised by Bregal Milestone since inception.
- over 19 billion – Assets under management by Bregal Investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BaltCap | Seller | Company | Private Equity firm exiting its majority stake in Ridango. |
| Ridango | Target Company | Company | Global leader in intelligent transport software for public transport authorities. |
| Bregal Milestone | Buyer | Company | European growth equity firm acquiring majority stake in Ridango. |
| Kristjan Kalda | Partner at BaltCap | Person | Partner involved in the transaction, overseeing strategies and partnerships. |
| Erki Lipre | CEO & Founder | Person | Founder CEO of Ridango, will continue with the management team post-transaction. |