Buyer landscape

Likely buyers · Deep Tech in Switzerland.

Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables

How companies like this sold · 22 verified exits: 23% to sponsors, 73% to corporates and platforms, 5% other routes. Route shift since 2020: sponsors 21% (was 21%), corporates and platforms 75% (was 73%), IPO 3% (was 6%) (sector-wide).

The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 7 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 · 25

Tier 1 · Very High · score 70+

1. Deutsche Beteiligungs SponsorVery High81

13 platform investments in Software & IT · 4 in Switzerland · 10 deals 2024–26

AUM €2.7B · DBAG Solvares Continuation Fund · 2024 vintage · deploying · check €3-20M

9 platform investments since the 2024 vintage · largely deployed vs its usual 8 per fund.

Backed Bug Bounty Switzerland, 2026 · Cybersecurity, Switzerland

2. Deutsche Beteiligungs AG SponsorVery High80

12 platform investments in Software & IT · 4 in Switzerland · 9 deals 2024–26

AUM €2.7B · DBAG Solvares Continuation Fund · 2024 vintage · deploying · check €3-20M

9 platform investments since the 2024 vintage · largely deployed vs its usual 8 per fund.

Backed Bug Bounty Switzerland, 2026 · Cybersecurity, Switzerland

3. BU Bregal Unternehmerkapital Multi-Asset Continuation Fund SponsorVery High79

18 platform investments in Software & IT · 5 in Switzerland · 15 deals 2024–26

AUM €7.0B · BU Bregal Unternehmerkapital Multi-Asset Continuation Fund · 2026 vintage · deploying · check €16-122M

4 platform investments since the 2026 vintage · early in deployment vs its usual 9 per fund.

Bought Safety21 from BU Bregal Unternehmerkapital, 2026 · Software, Italy

4. AFINUM Management GmbH SponsorVery High79

14 platform investments in Software & IT · 8 in Switzerland · 9 deals 2024–26

AFINUM X Buyout (2026) · 2026 vintage · deploying · check €10-75M

2 platform investments since the 2026 vintage · early in deployment vs its usual 9 per fund.

Backed Fairbanks, 2026 · SaaS, Netherlands

5. Axcel SponsorVery High78

20 platform investments in Software & IT · 14 deals 2024–26

Axcel VII · 2023 vintage · deploying · check €26-194M

15 platform investments since the 2023 vintage · largely deployed vs its usual 9 per fund.

Backed Bekk, 2026 · IT Services, Norway

6. Hg SponsorVery High77

48 platform investments in Software & IT · 22 deals 2024–26

AUM €69.0B · Hg Mercury 4 · 2023 vintage · deploying · check €48-360M

24 platform investments since the 2023 vintage · largely deployed vs its usual 8 per fund.

Backed OneStream, 2026 · SaaS, US

7. BU Bregal Unternehmerkapital SponsorVery High77

17 platform investments in Software & IT · 5 in Switzerland · 14 deals 2024–26

AUM €7.0B · BU Bregal Unternehmerkapital Multi-Asset Continuation Fund · 2026 vintage · deploying · check €16-122M

4 platform investments since the 2026 vintage · early in deployment vs its usual 9 per fund.

Backed Safety21, 2026 · Software, Italy

8. Cipio Partners SponsorVery High77

19 platform investments in Software & IT · 8 deals 2024–26

Cipio Partners Fund VIII · 2021 vintage · partially deployed · check €4-30M

Accelerating: 6 deals in the last 2 years vs 1.8/yr before.

Backed Isar Aerospace, 2026 · Deep Tech, Germany

9. BID Equity Continuation Fund I SCSp SponsorVery High77

12 platform investments in Software & IT · 2 in Switzerland · 9 deals 2024–26

AUM €800M · BID Equity Continuation Fund I · 2025 vintage · deploying · check €6-45M

Accelerating: 7 deals in the last 2 years vs 2.0/yr before.

Bought everii from BID Equity, 2025 · SaaS, Germany

10. Isai Gestion SponsorVery High76

61 platform investments in Software & IT · 30 deals 2024–26

AUM €458M · ISAI Expansion III · 2025 vintage · deploying · check €6-45M

23 platform investments since the 2025 vintage · largely deployed vs its usual 20 per fund.

Backed ProcurePro, 2026 · Software, Australia

11. Oakley Capital SponsorVery High76

15 platform investments in Software & IT · 1 in Switzerland · 20 deals 2024–26

AUM €12.7B · Oakley Capital Fund VI · 2025 vintage · deploying · check €90-675M

10 platform investments since the 2025 vintage · largely deployed vs its usual 6 per fund.

Bought Senef from Isatis Capital, 2026 · SaaS, France

12. Capmont SponsorVery High76

16 platform investments in Software & IT · 3 in Switzerland · 16 deals 2024–26

Capmont Technology Fund · 2024 vintage · deploying · check €2-15M

16 platform investments since the 2024 vintage · largely deployed vs its usual 15 per fund.

Backed Celus, 2022 · Deep Tech, Germany

13. GRO Capital SponsorVery High76

22 platform investments in Software & IT · 2 in Switzerland · 5 deals 2024–26

AUM €1.2B · GRO Generation I · 2024 vintage · deploying · check €3-23M

5 platform investments since the 2024 vintage · mid-deployment vs its usual 6 per fund.

Backed Akselos, 2023 · Deep Tech, Switzerland

14. Maguar Capital SponsorVery High76

5 platform investments in Software & IT · 1 in Switzerland · 7 deals 2024–26

AUM €595M · Maguar Continuation Fund I · 2023 vintage · deploying · check €5-35M

7 platform investments since the 2023 vintage · largely deployed vs its usual 4 per fund.

Backed GlobalSuite Solutions, 2026 · Cybersecurity, Spain

15. Maguar Capital Partners SponsorVery High76

4 platform investments in Software & IT · 1 in Switzerland · 6 deals 2024–26

AUM €595M · Maguar Continuation Fund I · 2023 vintage · deploying · check €5-35M

7 platform investments since the 2023 vintage · largely deployed vs its usual 4 per fund.

Backed GlobalSuite Solutions, 2026 · Cybersecurity, Spain

16. Sophora Unternehmerkapital SponsorVery High76

5 platform investments in Software & IT · 5 deals 2024–26

Sophora Capital Unternehmer-Fonds I · 2023 vintage · deploying · check €1-8M

Accelerating: 4 deals in the last 2 years vs 0.8/yr before.

Backed SQUER, 2026 · IT Services, Austria

17. EQT SponsorVery High75

40 platform investments in Software & IT · 7 in Switzerland · 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 VTI Technologies, 2002 · Deep Tech, Finland

18. Apax Partners SponsorVery High75

35 platform investments in Software & IT · 2 in Switzerland · 21 deals 2024–26

AUM €70.8B · Apax XI · 2024 vintage · deploying · check €221M-1.7B