Likely buyers · MedTech in Italy.

1. Quadrivio Group SponsorVery High87

6 platform investments in Healthcare · 28 in Italy · 14 deals 2024–26

AUM €2.0B · Artificial Intelligence PE Fund · 2025 vintage · deploying

6 platform investments since the 2025 vintage · mid-deployment vs its usual 6 per fund.

Backed Biotec Italia, 2025 · MedTech, Italy

2. ArchiMed SponsorVery High86

56 platform investments in Healthcare · 6 in Italy · 18 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

3. Archimedes Partners SponsorVery High86

53 platform investments in Healthcare · 6 in Italy · 21 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

4. ARCHIMED and Institut Mérieux SponsorVery High86

54 platform investments in Healthcare · 6 in Italy · 19 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

5. ArchiMed and Tethys Invest SponsorVery High86

54 platform investments in Healthcare · 6 in Italy · 18 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

6. NORD Holding SponsorVery High85

15 platform investments in Healthcare · 15 deals 2024–26

AUM €5.0B · NORD Holding all inclusive Fitness Continuation Fund · 2026 vintage · deploying

Accelerating: 13 deals in the last 2 years vs 2.5/yr before.

Bought Hallmarq Veterinary Imaging from August Equity, 2026 · MedTech, UK

7. NORD Holding / Pinova Capital SponsorVery High82

12 platform investments in Healthcare · 12 deals 2024–26

AUM €5.0B · NORD Holding all inclusive Fitness Continuation Fund · 2026 vintage · deploying

Accelerating: 10 deals in the last 2 years vs 2.5/yr before.

Backed Hallmarq Veterinary Imaging, 2026 · MedTech, UK

8. Inflexion SponsorVery High81

10 platform investments in Healthcare · 27 deals 2024–26

AUM €11.0B · Inflexion Buyout Fund VII · 2026 vintage · deploying · check €90-675M

4 platform investments since the 2026 vintage · mid-deployment vs its usual 6 per fund.

Bought Primed from Paragon Partners, 2026 · MedTech, Germany

9. IK Partners SponsorVery High79

34 platform investments in Healthcare · 52 deals 2024–26

AUM €13.8B · IK Partnership Fund III · 2025 vintage · deploying · check €10-75M

18 platform investments since the 2025 vintage · largely deployed vs its usual 13 per fund.

Bought Sterimed from Sagard, 2025 · MedTech, France

10. Charterhouse Capital Partners SponsorVery High79

11 platform investments in Healthcare · 4 in Italy · 10 deals 2024–26

AUM €7.0B · Charterhouse Capital Partners XI · 2023 vintage · deploying · check €28-210M

10 platform investments since the 2023 vintage · mid-deployment vs its usual 14 per fund.

Backed Winback, 2025 · MedTech, France

11. Irdi Capital-Investissement SponsorVery High78

25 platform investments in Healthcare · 33 deals 2024–26

AUM €550M · IRDI Impulsion · 2021 vintage · partially deployed · check €2-15M

76 platform investments since the 2021 vintage · largely deployed vs its usual 26 per fund.

Backed DiappyMed, 2026 · MedTech, France

12. Merieux Equity Partners / Vitruvian Partners SponsorVery High78

57 platform investments in Healthcare · 6 deals 2024–26

AUM €1.6B · Mérieux Participations 5 · 2026 vintage · deploying · check €7-50M

2 platform investments since the 2026 vintage · early in deployment vs its usual 8 per fund.

Backed Prothea Technologies, 2024 · MedTech, UK

13. PAI Partners SponsorVery High77

24 platform investments in Healthcare · 16 in Italy · 26 deals 2024–26

AUM €33.0B · PAI Mid-Market Fund II · 2025 vintage · deploying

12 platform investments since the 2025 vintage · largely deployed vs its usual 10 per fund.

Bought ELITECH from Naxicap Partners, 2017 · MedTech, France

14. Idia SponsorVery High77

12 platform investments in Healthcare · 1 in Italy · 27 deals 2024–26

AUM €2.4B · Crédit Agricole Assurances Avenir et Territoires · 2026 vintage · deploying · check €2-15M

5 platform investments since the 2026 vintage · early in deployment vs its usual 25 per fund.

Backed LANDANGER, 2024 · MedTech, France

15. BC Partners SponsorVery High77

19 platform investments in Healthcare · 13 in Italy · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

16. Ring Capital SponsorVery High77

10 platform investments in Healthcare · 1 in Italy · 32 deals 2024–26

AUM €470M · Ring Altitude II · 2025 vintage · deploying · check €4-33M

17 platform investments since the 2025 vintage · largely deployed vs its usual 13 per fund.

Backed Dermascan, 2026 · HealthTech, France

17. Inflexion (Partnership Capital III) SponsorVery High77

9 platform investments in Healthcare · 25 deals 2024–26

AUM €11.0B · Inflexion Buyout Fund VII · 2026 vintage · deploying · check €90-675M

Accelerating: 15 deals in the last 2 years vs 5.0/yr before.

Backed Primed, 2026 · MedTech, Germany

18. BC Partners / PSP Investments / Ontario Teachers SponsorVery High77

13 platform investments in Healthcare · 8 in Italy · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

19. BC Partners + Intermediate Capital Group SponsorVery High77

13 platform investments in Healthcare · 8 in Italy · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

20. BC Partners and AXA Private Equity SponsorVery High77

14 platform investments in Healthcare · 8 in Italy · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

21. BC Partners Fund XI and CPP Investments SponsorVery High77

13 platform investments in Healthcare · 8 in Italy · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

22. bm-t Beteiligungsmanagement Thueringen SponsorVery High77

13 platform investments in Healthcare · 13 deals 2024–26

AUM €465M · Mittelstands-Fonds Thueringen II (MFT II) · 2025 vintage · deploying · check €0-3M

Accelerating: 8 deals in the last 2 years vs 2.5/yr before.

Backed DeepEn, 2025 · MedTech, Germany

23. Fondo Italiano d'Investimento SGR SponsorVery High77

3 platform investments in Healthcare · 28 in Italy · 10 deals 2024–26

AUM €4.3B · Fondo Italiano Consolidamento e Crescita II (FICC II) · 2023 vintage · deploying

14 platform investments since the 2023 vintage · largely deployed vs its usual 5 per fund.

Backed Else Solutions, 2025 · MedTech, Italy

24. Lauxera Capital Partners SponsorVery High77

16 platform investments in Healthcare · 6 deals 2024–26

AUM €780M · Lauxera Growth II · 2025 vintage · deploying · check €10-78M

3 platform investments since the 2025 vintage · early in deployment vs its usual 8 per fund.

Backed Bridge to Life, 2026 · MedTech, US

25. Turenne Groupe SponsorVery High76

55 platform investments in Healthcare · 1 in Italy · 34 deals 2024–26

AUM €2.0B · Capital Sante 3 · 2025 vintage · deploying · check €3-21M

20 platform investments since the 2025 vintage · early in deployment vs its usual 80 per fund.

Backed CAIRDAC, 2022 · MedTech, France