Buyer landscape

Likely buyers · Telecom in Belgium.

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

How companies like this sold · 53 verified exits: 38% to sponsors, 58% to corporates and platforms, 4% via IPO. Route shift since 2020: sponsors 29% (was 24%), corporates and platforms 64% (was 67%), IPO 4% (was 9%) (sector-wide).

The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 2 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. EQT SponsorVery High76

25 platform investments in TMT & Media · 5 in Belgium · 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 Arium Networks, 2026 · Telecom, US

2. Waterland Private Equity SponsorVery High75

8 platform investments in TMT & Media · 36 in Belgium · 39 deals 2024–26

Waterland Private Equity Fund IX (WPEF IX) · 2023 vintage · deploying · check €70-525M

48 platform investments since the 2023 vintage · largely deployed vs its usual 19 per fund.

Bought Lebara from Alchemy Partners, 2024 · Telecom, UK

3. Bridgepoint SponsorVery High74

53 platform investments in TMT & Media · 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.

Backed PDSVISION, 2026 · TMT, Sweden

4. Bridgepoint Development Capital SponsorVery High74

46 platform investments in TMT & Media · 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 PDSVISION, 2026 · TMT, Sweden

5. Bridgepoint (52.5% majority stake) SponsorVery High74

45 platform investments in TMT & Media · 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 PDSVISION, 2026 · TMT, Sweden

6. Bridgepoint BE VII + General Atlantic SponsorVery High74

46 platform investments in TMT & Media · 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 PDSVISION, 2026 · TMT, Sweden

7. Bridgepoint Capital SponsorVery High74

45 platform investments in TMT & Media · 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 PDSVISION, 2026 · TMT, Sweden

8. Bridgepoint Capital Developpement SponsorVery High74

45 platform investments in TMT & Media · 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 PDSVISION, 2026 · TMT, Sweden

9. Bridgepoint Development Capital (with Paluel-Marmont Capital & LT Capital) SponsorVery High74

45 platform investments in TMT & Media · 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 PDSVISION, 2026 · TMT, Sweden

10. Revaia SponsorVery High74

14 platform investments in TMT & Media · 10 deals 2024–26

AUM €600M · Revaia Growth II SLP · 2024 vintage · deploying · check €5-38M

10 platform investments since the 2024 vintage · mid-deployment vs its usual 12 per fund.

Backed Intersec, 2025 · Telecom, France

11. Ardian SponsorVery High73

70 platform investments in TMT & Media · 6 in Belgium · 51 deals 2024–26

AUM €196.0B · Ardian Expansion Fund VI · 2025 vintage · deploying · check €64-480M