We advised BaltCap, the largest private equity investor in the Baltic region, on the acquisition of Estonian-based Ridango, a provider of public transport solutions.

Focus on the intelligent transportation systems sector

Kristjan Kalda, partner at BaltCap commented that BaltCap had been keeping an eye on the intelligent transportation systems sector. ”For example, the Finnish company MaaS Global, which we acquired under the portfolio of Nordic Ninja. Lithuanian Trafi, which we sold last year, also operates in the same sector. This is not actually a new sector for BaltCap,” added Kalda.

Ridango specialises in the development of ticketing, real-time-, and payment systems for public transport. In addition to Estonia, Ridango provides services in six other European countries. Its main clients are local governments, as well as private carriers in the field of public transportation. In Estonia, the company’s clients include Elron, Tallinn Transportation Department, the city of Tartu, Pärnu Public Transport Centre, and others.

BaltCap is the largest private equity firm in the Baltic States, and focuses on small and mid-market buyout, expansion capital and infrastructure investments. Since 1995, BaltCap has been managing several private equity and venture capital funds with total capital of over EUR 400 million and has made more than 70 investments.

Our services and client team

We advised BaltCap in all stages of the transaction, including preparing, structuring and negotiating the deal.

”Sorainen’s team did a great job in navigating the intricate and lengthy acquisition process with several parties involved,” commented Kristjan Kalda, partner at BaltCap.

Our project team was led by associate Mirell Prosa and partner Toomas Prangli, and also included of-counsel Isabella Barbara Aavik, senior associates Jane Eespõld, Albert Linntam, Piibe Lehtsaar, Robin Teever, Triin Toom and Kaido Künnapas, as well as associate Vladislav Leiri.