Private Equity Firm Ridgeview Buys PayRange in First Deal

Ridgeview Partners will buy mobile-payment software company PayRange, a startup with backers including actor Jared Leto, in its first deal since being founded earlier this year.

The San Francisco-based private equity firm will take a majority stake in PayRange in partnership withBaupost Group, according to a statement. Terms of the deal weren’t disclosed.

Ridgeview was launched by former Siris Capital Group LLC partners Hilton Romanski and Mike Hulslander. The firm targets investments in companies worth $200 million to $1 billion, including debt, Romanski said in an interview. Ridgeview is targeting its first fundraise in 2025. ...