Buyer landscape
Likely buyers · HealthTech in Germany.
Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables
How companies like this sold · 280 verified exits: 22% to sponsors, 71% to corporates and platforms, 6% via IPO, 1% other routes. Route shift since 2020: sponsors 18% (was 28%), corporates and platforms 79% (was 59%), IPO 2% (was 11%).
The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 6 geographic expansion candidates without a local platform yet. A first round of the Tier 1 names plus the expansion buyers covers the demonstrated demand.
Financial buyers · 24
Tier 1 · Very High · score 70+
1. NORD Holding SponsorVery High90
15 platform investments in Healthcare · 40 in Germany · 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.
Backed Medas Group, 2026 · HealthTech, Germany
2. NORD Holding / Pinova Capital SponsorVery High89
12 platform investments in Healthcare · 37 in Germany · 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 Medas Group, 2026 · HealthTech, Germany
3. Archimedes Partners SponsorVery High88
53 platform investments in Healthcare · 7 in Germany · 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 Arkstone, 2025 · HealthTech, US
4. Ring Capital SponsorVery High86
10 platform investments in Healthcare · 1 in Germany · 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
5. Inflexion SponsorVery High84
10 platform investments in Healthcare · 5 in Germany · 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
6. ArchiMed SponsorVery High82
56 platform investments in Healthcare · 5 in Germany · 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 Arkstone, 2025 · HealthTech, US
7. ARCHIMED and Institut Mérieux SponsorVery High82
54 platform investments in Healthcare · 4 in Germany · 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 Arkstone, 2025 · HealthTech, US
8. ArchiMed and Tethys Invest SponsorVery High82
54 platform investments in Healthcare · 4 in Germany · 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 Arkstone, 2025 · HealthTech, US
9. Armira SponsorVery High82
6 platform investments in Healthcare · 23 in Germany · 12 deals 2024–26
AUM €5.0B · Armira III · 2025 vintage · deploying · check €20-150M
8 platform investments since the 2025 vintage · mid-deployment vs its usual 10 per fund.
Backed nyra health, 2026 · HealthTech, Austria
10. EQT SponsorVery High80
50 platform investments in Healthcare · 40 in Germany · 51 deals 2024–26
AUM €291.0B · EQT X · 2023 vintage · deploying · check €440M-3.3B
53 platform investments since the 2023 vintage · largely deployed vs its usual 11 per fund.
Backed CluePoints, 2024 · HealthTech, Belgium
11. Inflexion (Partnership Capital III) SponsorVery High80
9 platform investments in Healthcare · 4 in Germany · 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
12. Merieux Equity Partners / Vitruvian Partners SponsorVery High80
57 platform investments in Healthcare · 1 in Germany · 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 Health in Code, 2026 · HealthTech, Spain
13. GHO Capital Partners SponsorVery High80
21 platform investments in Healthcare · 4 in Germany · 4 deals 2024–26
AUM €9.0B · GHO Capital IV LP · 2025 vintage · deploying · check €50-375M
3 platform investments since the 2025 vintage · mid-deployment vs its usual 6 per fund.
Backed Scientist.com, 2025 · HealthTech, US
14. Lauxera Capital Partners SponsorVery High80
16 platform investments in Healthcare · 3 in Germany · 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 Natural Cycles, 2024 · HealthTech, Sweden
16. IK Partners SponsorVery High79
34 platform investments in Healthcare · 34 in Germany · 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 Ellab from EQT, 2023 · HealthTech, Denmark
17. bm-t Beteiligungsmanagement Thueringen SponsorVery High79
13 platform investments in Healthcare · 28 in Germany · 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 Applyo Jena, 2025 · Biotech, Germany
18. Impact Expansion Management SponsorVery High79
5 platform investments in Healthcare · 2 in Germany · 10 deals 2024–26
AUM €150M · Impact Expansion Fund I · 2024 vintage · deploying · check €3-23M
10 platform investments since the 2024 vintage · largely deployed vs its usual 8 per fund.
Backed neurocare, 2025 · HealthTech, Germany
19. Bridgepoint SponsorVery High78
34 platform investments in Healthcare · 9 in Germany · 43 deals 2024–26
AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M
4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.
Bought {my}dentist (formerly IDH) from Palamon Capital Partners, 2025 · Healthcare, UK
20. Bridgepoint Development Capital SponsorVery High78
31 platform investments in Healthcare · 6 in Germany · 36 deals 2024–26
AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M
4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.
Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK
21. Bridgepoint (52.5% majority stake) SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 36 deals 2024–26
AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M
4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.
Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK
22. Bridgepoint BE VII + General Atlantic SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 37 deals 2024–26
AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M
4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.
Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK
23. Bridgepoint Capital SponsorVery High78
31 platform investments in Healthcare · 6 in Germany · 36 deals 2024–26
AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M
4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.
Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK
24. Bridgepoint Capital Developpement SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 36 deals 2024–26
AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M
4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.
Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK
25. Bridgepoint Development Capital (with Paluel-Marmont Capital & LT Capital) SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 36 deals 2024–26
AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M
4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.
Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK
Strategic buyers · 1
Tier 1 · Very High · score 70+
15. Sword Health CorporateVery High80
4 acquisitions in Healthcare · 3 in Germany · 5 deals 2024–26
Active in Germany since 2026.
Bought Kaia Health from Eurazeo, 2026 · HealthTech, Germany
Scores and facts derive from verified deal records only; sample floors and thresholds are published on the methodology page. Figures marked with a tilde are bands, not disclosures.