Bregal Milestone Announces Strategic Growth Investment in Ridango
Bregal Milestone, a leading European software growth private equity firm, today announced a majority strategic growth investment in Ridango, a global provider of mission-critical public transportation software. The investment is made in partnership with founder Erki Lipre and the Ridango management team. Terms of the transaction were not disclosed.
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 automated fare collection and operations control software platforms, serving more than 150 customers in over 25 countries across five continents. The Company's modern software provides end-to-end transit management services, from account-based ticketing to contactless bank card acceptance, real-time passenger information, and automatic vehicle location operations management to deliver better transit services, more accurate real-time visibility, and improved passenger satisfaction.
With operational and financial support from Bregal Milestone, Ridango aims to accelerate its organic and inorganic growth. Following accelerated customer activity in Sweden, including customer wins from Västtrafik, Sörmlandstrafiken, and Västmanlandstrafiken, the Company will operate from its new European headquarters in Sweden; its R&D hubs in Estonia and Slovenia; and its regional sales and marketing hubs following major customer wins in the Middle East (UAE, Qatar, and Saudi Arabia) and APAC (Singapore and Hong Kong).
'Our partnership with Bregal Milestone marks a significant next step in our growth strategy. We extend our sincerest thanks to our prior investors, BaltCap Private Equity, and look forward to the proactive support and expertise from Bregal Milestone and their in-house value creation team, Milestone Performance Partners, to help accelerate our investment in next-generation technology and accelerate our GTM activity in new markets,' said Erki Lipre, Founder and 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.'
'Ridango's strong commitment to innovation has positioned it as a software operating system of choice for transit operators looking to modernize fare collection and optimize passenger experience,' added Cyrus Shey, Managing Partner at Bregal Milestone. 'We see strong secular tailwinds as private transport operators and public rail and mass transport operators accelerate investments in digitalization, underpinned by the accelerated shift from card-based ticketing to account-based ticketing systems, and we are thrilled to partner with Erki and his leadership team to support Ridango in capitalizing on these megatrends.'
Sebastian Charpentier, Principal at Bregal Milestone, adds, 'We are honored to enter this strategic partnership with Ridango, a company that continues to drive innovation and deliver customer service with what we see as the most advanced end-to-end transit software offerings featuring AI-driven predictive analytics and cloud-based fare collection. We believe that Ridango is uniquely positioned to lead the digital transformation for public transportation authorities and operators alike, creating sustainable long-term value for the communities in which they operate.'
White & Case served as legal counsel and Deloitte as financial advisor for Bregal Milestone. Sorainen served as legal counsel for Ridango.
The transaction will be closed after necessary regulatory approvals have been obtained.
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. Bregal Milestone was recognised by GrowthCap as one of the Top Growth Equity Firms of 2024. For more information, visit www.bregalmilestone.com or follow us on LinkedIn.
About Ridango
Ridango is the software operating system of choice for public transportation providers globally, specializing in automated fare collection ('AFC'), real-time passenger information systems, automatic vehicle location tracking ('AVL'), and mobility-as-a-service ('MaaS') technology. The company partners with transport authorities and operators to enhance the efficiency, accessibility, and sustainability of public transit for customers and operators alike.
Jillian Hazelton
Head of Marketing & Communications
[email protected] Ridango
Aksel Kirikal
Head of Marketing & Communications
[email protected]
SOURCE: Bregal Milestone
Copyright Business Wire 2025.
PUB: 03/19/2025 10:41 AM/DISC: 03/19/2025 10:41 AM
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Airline stocks fall after Israel attack on Iran closes airspaces
Shares of the airliners are moving lower after Israel's attack on Iran closed down airspaces across the Middle East. Crude oil prices also spiked as a result of the attacks. Publicly traded companies in the airlines space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL). Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on ALK: Disclaimer & DisclosureReport an Issue 'An Improvement in Quality', Says Unlikely Source, But Boeing Stock (NYSE:BA) Slips Regardless Alaska Air's Strategic European Expansion and Seattle's Transformation into a Global Gateway: A Buy Recommendation by Ravi Shanker Morgan Stanley expects Alaska Air's expansion news to be received positively Alaska Air announces new nonstop service between Seattle and Rome 3 Undervalued Stocks to Buy Now, 5/30/2025, According to Analysts Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
Nvidia GTC Paris is 'another bullish proof point' long term
-- Nvidia's GTC conference in Paris offered no stock-moving announcements but added further evidence of long-term growth, Morgan Stanley said in a note this week, calling it 'another bullish proof point for Nvidia's business beyond 2025.' The firm highlighted that 'European catch-up investment, quantum/classical opportunities, and industrial/physical AI were the main focus,' all of which provide 'incremental growth' on top of the broader AI boom. At the event, Nvidia (NASDAQ:NVDA) emphasized accelerating EU investment. 'Earlier this year the EU launched a €200 billion initiative for AI investment,' with €20 billion earmarked to help finance five AI gigafactories. Nvidia's own announcements included plans requiring 'more than 3,000 exaflops of NVIDIA Blackwell compute,' including 'an 18k GB200 phase one deployment with Mistral in France' and 'a 14k Blackwell development in the UK.' The company also plans to build 'the world's first industrial AI cloud for European manufacturers' and new AI centers across Germany, Sweden, Italy, Spain, the U.K. and Finland. Morgan Stanley said the keynote reflected Nvidia's shift toward 'robotics and physical AI,' noting, 'investment is happening now.' The firm estimates European GPU revenue could grow '8x or more from CY24 to CY26.' CEO Jensen Huang was said to have been 'more constructive on a timeline for hybrid GPU/QPU systems' and reiterated Nvidia's strategy of complementing quantum computing with classical simulation tools. Nvidia also expanded its DGX Cloud Lepton marketplace with AWS and Azure joining smaller compute providers, aiming to 'make it easier for developers to manage, monitor, and deploy their compute resources globally.' Despite management's usual conservative tone, Morgan Stanley said, 'We would characterize management as highly confident,' adding that 'NVIDIA is outgrowing ASIC competitors meaningfully.' The firm reiterated its Overweight rating and kept Nvidia as its 'Top Pick in semis.' Related articles Nvidia GTC Paris is 'another bullish proof point' long term - Morgan Stanley stocks of the week What are the current theme park trends? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Starmer's latest freebie: British sovereignty in exchange for nothing
While we can't rely on the French to help police the Channel – despite paying them £500 million for the privilege, we can always trust our Gallic cousins to bear a grudge. We already knew that the Prime Minister's great EU 'reset' was a sham; that much was clear when all we got in return was the use of e-gates that were already operational in many European countries. Now, we learn that we may not even be granted access to the bloc's industrial defence programme, despite Sir Keir Starmer's insistence that defence and security was a central tenet of the deal. As he boasted last month after selling us out to Brussels: 'We've also struck a new defence and security partnership to strengthen our cooperation and strengthen our security – which is vital in this dangerous new era. 'And it will open the door to working with the EU's new defence fund – providing new opportunities for our defence industry, supporting British jobs and livelihoods.' Except, of course, the French have other ideas. In yet another example of just how bad Labour is at negotiating anything (see also the Chagos surrender and, more recently, the 'deal' to allow Spanish border guards to check passports on Gibraltar) we now learn that Emmanuel Macron is trying to shut out British arms firms from the European Defence Industry Programme (EDIP). While different to the defence fund, which is known as SAFE (Security Action for Europe), EDIP will see cash pumped into joint procurement projects and the production of weapons, ammunition and other military hardware. It was created for the benefit of the EU and 'allies' but French diplomats have insisted the tool should be solely used to boost firms based inside the EU, as well as Norway and Ukraine – shutting out the UK. So much for Starmer's boast that the reset deal would put Britain 'back on the world stage' and give us 'unprecedented access to the EU market, the best of any country.' Labour is yet to reveal how many billions is being squandered on a reset that has already prompted another big fat 'non' from Paris. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
