Private equity fund Bregal Milestone buys Estonian Ridango from Baltcap

London-based private equity fund Bregal Milestone has acquired a majority stake in Estonian transportation technology company Ridango from Estonian fund BaltCap. 

Ridango is a company that has developed an operating system for automated fare collection, real-time passenger information systems, automatic vehicle location tracking and mobility as a service (MaaS) technology. The company serves more than 150 customers in over 25 countries around the world. Ridango was founded in 2009 in Tallinn, Estonia.

With the operational and financial support of Bregal Milestone, Ridango will be able to accelerate its organic and inorganic growth and transform itself into a technology company with global ambitions, said Erki Lipre, founder and CEO.

Founded in 1995, BaltCap specializes in financing companies at different stages of development: from start-ups and early stage enterprises to established businesses. BaltCap supports companies in various sectors, including technology, healthcare, manufacturing and services.  BaltCap has offices in all the Baltic States, Finland, Sweden and Poland. CEO - Ege Metsandi. Partners - Peeter Saks, Martin Kõdar, Simonas Gustainis and others.