Buyer landscape
Likely buyers · E-commerce.
Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables
How companies like this sold · 1,823 verified exits: 35% to sponsors, 57% to corporates and platforms, 8% via IPO, 1% other routes. Route shift since 2020: sponsors 33% (was 37%), corporates and platforms 61% (was 53%), IPO 5% (was 10%).
The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers. 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. EQT SponsorVery High81
28 platform investments in Consumer & Retail · 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 Coches.net, 2026 · E-commerce, Spain
2. PAI Partners SponsorVery High81
58 platform investments in Consumer & Retail · 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 Arlettie from BNP Paribas Developpement, 2026 · Consumer, France
3. Bpifrance Investissement SponsorVery High81
13 platform investments in Consumer & Retail · 35 deals 2024–26
AUM €57.3B · Bpifrance Amorçage Industriel · 2023 vintage · deploying · check €1-8M
Accelerating: 30 deals in the last 2 years vs 4.5/yr before.
Backed Belambra, 2026 · Hospitality, France
4. Finorpa Gestion SponsorVery High81
30 platform investments in Consumer & Retail · 27 deals 2024–26
Hauts-de-France Avenir TPE PME · 2026 vintage · deploying
8 platform investments since the 2026 vintage · early in deployment vs its usual 28 per fund.
Backed BDM Associes (Le Kiosque), 2026 · Consumer, France
5. EXTENDAM and Amante Capital SponsorVery High81
31 platform investments in Consumer & Retail · 22 deals 2024–26
AUM €5.1B · FPCI Experimental Hotels Collection · 2025 vintage · deploying · check €3-23M
Accelerating: 15 deals in the last 2 years vs 3.3/yr before.
Backed Ayre Hoteles, 2026 · Hospitality, Spain
6. Extendam SponsorVery High81
30 platform investments in Consumer & Retail · 21 deals 2024–26
AUM €5.1B · FPCI Experimental Hotels Collection · 2025 vintage · deploying · check €3-23M
Accelerating: 14 deals in the last 2 years vs 3.3/yr before.
Bought Ayre Hoteles from Eurazeo, 2026 · Hospitality, Spain
7. Extendam, Amante Capital SponsorVery High81
30 platform investments in Consumer & Retail · 21 deals 2024–26
AUM €5.1B · FPCI Experimental Hotels Collection · 2025 vintage · deploying · check €3-23M
Accelerating: 14 deals in the last 2 years vs 3.3/yr before.
Backed Ayre Hoteles, 2026 · Hospitality, Spain
8. Turenne Groupe SponsorVery High79
98 platform investments in Consumer & Retail · 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 Le Petit Souk, 2026 · E-commerce, France
9. Quadrivio Group SponsorVery High79
22 platform investments in Consumer & Retail · 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 Twist, 2023 · E-commerce, Italy
10. Axio Capital / Siparex Intermezzo SponsorVery High78
11 platform investments in Consumer & Retail · 12 deals 2024–26
AUM €80M · Together (TGT) · 2025 vintage · deploying · check €1-9M
8 platform investments since the 2025 vintage · mid-deployment vs its usual 11 per fund.
Bought Asia Voyages from NCI, 2026 · Hospitality, France
11. Axio Capital / Siparex Intermezzo 3 SponsorVery High78
11 platform investments in Consumer & Retail · 12 deals 2024–26
AUM €80M · Together (TGT) · 2025 vintage · deploying · check €1-9M
8 platform investments since the 2025 vintage · mid-deployment vs its usual 11 per fund.
Bought Asia Voyages from Adaxtra Capital, 2026 · Consumer, France
12. FrenchFood Capital SponsorVery High78
33 platform investments in Consumer & Retail · 14 deals 2024–26
AUM €450M · FrenchFood Agro Invest · 2023 vintage · deploying · check €2-15M
14 platform investments since the 2023 vintage · largely deployed vs its usual 10 per fund.
Backed EMMA Pâtisserie, 2026 · Consumer, France
13. FrenchFood Capital + Cerea Capital SponsorVery High78
34 platform investments in Consumer & Retail · 14 deals 2024–26
AUM €450M · FrenchFood Agro Invest · 2023 vintage · deploying · check €2-15M
14 platform investments since the 2023 vintage · largely deployed vs its usual 10 per fund.
Backed EMMA Pâtisserie, 2026 · Consumer, France
14. FrenchFood Capital, Socadif SponsorVery High78
33 platform investments in Consumer & Retail · 14 deals 2024–26
AUM €450M · FrenchFood Agro Invest · 2023 vintage · deploying · check €2-15M
14 platform investments since the 2023 vintage · largely deployed vs its usual 10 per fund.
Backed EMMA Pâtisserie, 2026 · Consumer, France
15. Orlando Management SponsorVery High78
7 platform investments in Consumer & Retail · 10 deals 2024–26
AUM €800M · Orlando Capital V · 2024 vintage · deploying · check €5-38M
Accelerating: 6 deals in the last 2 years vs 1.8/yr before.
Backed Kwantum, 2026 · Consumer, Netherlands
16. Riello Investimenti SGR SponsorVery High78
10 platform investments in Consumer & Retail · 8 deals 2024–26
AUM €250M · Buy&Build Opportunities - Private Equity IV · 2025 vintage · deploying
Accelerating: 7 deals in the last 2 years vs 1.5/yr before.
Backed Foreverland, 2026 · FoodTech, Italy
17. NextStage AM SponsorVery High77
17 platform investments in Consumer & Retail · 21 deals 2024–26
AUM €11.6B · FCPI NextStage CAP 2026 · 2026 vintage · deploying
5 platform investments since the 2026 vintage · early in deployment vs its usual 14 per fund.
Backed NaturaBuy, 2017 · E-commerce, France
18. NextStage AM, BNP Développement, Bpifrance and management SponsorVery High77
16 platform investments in Consumer & Retail · 21 deals 2024–26
AUM €11.6B · FCPI NextStage CAP 2026 · 2026 vintage · deploying
5 platform investments since the 2026 vintage · early in deployment vs its usual 14 per fund.
Backed NaturaBuy, 2017 · E-commerce, France
19. Arkea Capital, BNP Paribas Developpement and IRD Invest SponsorVery High76
38 platform investments in Consumer & Retail · 25 deals 2024–26
AUM €1.3B · Arkea Capital 3 · 2025 vintage · deploying · check €1-11M
11 platform investments since the 2025 vintage · mid-deployment vs its usual 15 per fund.
Backed Ocus, 2020 · E-commerce, France
20. Arkea Capital Partenaire SponsorVery High76
38 platform investments in Consumer & Retail · 25 deals 2024–26
AUM €1.3B · Arkea Capital 3 · 2025 vintage · deploying · check €1-11M
11 platform investments since the 2025 vintage · mid-deployment vs its usual 15 per fund.
Backed Ocus, 2020 · E-commerce, France
21. Indigo Capital SponsorVery High76
26 platform investments in Consumer & Retail · 10 deals 2024–26
AUM €800M · Indigo Capital III · 2024 vintage · deploying · check €5-38M
10 platform investments since the 2024 vintage · early in deployment vs its usual 25 per fund.
Backed Emosia Group, 2026 · Consumer, France
22. Amethis SponsorVery High76
10 platform investments in Consumer & Retail · 11 deals 2024–26
AUM €1.4B · Amethis Fund III · 2026 vintage · deploying · check €8-61M
4 platform investments since the 2026 vintage · early in deployment vs its usual 8 per fund.
Backed OCS, 2026 · Hospitality, Morocco
23. Cerea Partners SponsorVery High76
17 platform investments in Consumer & Retail · 15 deals 2024–26
AUM €1.5B · Cerea Agro Dev Industrie · 2025 vintage · deploying · check €5-38M
8 platform investments since the 2025 vintage · largely deployed vs its usual 8 per fund.
Backed Gruppo PEPPE, 2026 · Hospitality, France
24. Investindustrial SponsorVery High76
20 platform investments in Consumer & Retail · 11 deals 2024–26
AUM €11.0B · Investindustrial VIII · 2025 vintage · deploying · check €80-600M
6 platform investments since the 2025 vintage · mid-deployment vs its usual 7 per fund.
Backed TreeHouse Foods, 2026 · Consumer, US
25. Investindustrial and Sammontana SponsorVery High76
18 platform investments in Consumer & Retail · 11 deals 2024–26
AUM €11.0B · Investindustrial VIII · 2025 vintage · deploying · check €80-600M
6 platform investments since the 2025 vintage · mid-deployment vs its usual 7 per fund.
Backed TreeHouse Foods, 2026 · Consumer, US
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.