Ridgeview Partners and The Baupost Group Invest in PayRange
September 30, 2024
Ridgeview Partners, in partnership with The Baupost Group, has made a strategic growth investment in PayRange, a provider of IoT software and payment solutions for unattended retail. Founder and CEO Paresh Patel will remain in leadership with a significant ownership stake; debt financing was provided by Bain Capital's Private Credit Group to support the transaction.
- Buyers
- Ridgeview Partners, The Baupost Group
- Targets
- PayRange
- Industry
- Payments & Fintech
- Location
- Oregon, United States
- Transaction Type
- Growth capital
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