Buyer landscape

Likely buyers · SaaS 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 22 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. AFINUM Management GmbH SponsorVery High90

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

2. Hg SponsorVery High88

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

3. BID Equity Continuation Fund I SCSp SponsorVery High86

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

4. Oakley Capital SponsorVery High85

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

5. BU Bregal Unternehmerkapital Multi-Asset Continuation Fund SponsorVery High84

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.

Backed SnelStart, 2025 · SaaS, Netherlands

6. Oakley Capital, Eurazeo, Sagard NewGen (I-Tracing platform) SponsorVery High83

15 platform investments in Software & IT · 1 in Switzerland · 19 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.

Backed Blinq, 2025 · SaaS, Australia

7. EQT SponsorVery High82

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 Mews, 2026 · SaaS, Netherlands

8. 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

9. BU Bregal Unternehmerkapital SponsorVery High81

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 SnelStart, 2025 · SaaS, Netherlands

10. GRO Capital SponsorVery High81

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 Toolsense, 2026 · SaaS, Austria

11. Maguar Capital SponsorVery High81

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 Schlafender Hase, 2026 · SaaS, Germany

12. Maguar Capital Partners SponsorVery High81

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 Schlafender Hase, 2026 · SaaS, Germany

13. TeamSystem PE-backedVery High80

86 acquisitions in Software & IT · 1 in Switzerland · 28 deals 2024–26

Added on DIA Yazilim, 2026 · SaaS, Turkey

14. 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

15. Apax Partners SponsorVery High80

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