We are advising BaltCap and the other shareholders (including the management) of Ridango, an intelligent transportation software provider for public transit systems, in securing a majority strategic growth investment from Bregal Milestone, a leading European software growth private equity firm. This investment aims to accelerate Ridango’s organic and inorganic growth.
Public transportation drives sustainable urban growth
Founded in 2009, Ridango 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 software platforms for automated fare collection and operations control, serving customers in over 25 countries across five continents.
“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 modernise transit networks for the future,” said Erki Lipre, founder and CEO of Ridango. “Our partnership with Bregal Milestone marks a significant next step in our growth strategy.”
“Ridango’s strong commitment to innovation has positioned it as a software operating system of choice for transit operators looking to modernise fare collection and optimise passenger experience,” added Cyrus Shey, managing partner at Bregal Milestone.
The transaction will be closed after the necessary regulatory approvals have been obtained.
Our services and client team
We are advising the sellers on all legal aspects of the deal, including reviewing and negotiating the transaction documents, managing all related documentation, and arranging all the required signing and closing procedures.
Our team is led by partner Mirell Prosa and senior associate Robin Teever, and is supported by partner Kaido Künnapas, counsel Piibe Lehtsaar, and associate Kadri Puu.
