Likely buyers · HealthTech in Austria.

1. Ring Capital SponsorVery High84

10 platform investments in Healthcare · 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

2. NORD Holding SponsorVery High84

15 platform investments in Healthcare · 1 in Austria · 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

3. Archimedes Partners SponsorVery High83

53 platform investments in Healthcare · 1 in Austria · 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. NORD Holding / Pinova Capital SponsorVery High83

12 platform investments in Healthcare · 1 in Austria · 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

5. Armira SponsorVery High82

6 platform investments in Healthcare · 2 in Austria · 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

6. ArchiMed SponsorVery High81

56 platform investments in Healthcare · 1 in Austria · 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 High81

54 platform investments in Healthcare · 1 in Austria · 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 High81

54 platform investments in Healthcare · 1 in Austria · 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. Inflexion SponsorVery High78

10 platform investments in Healthcare · 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

10. Merieux Equity Partners / Vitruvian Partners SponsorVery High78

57 platform investments in Healthcare · 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

12. GHO Capital Partners SponsorVery High76

21 platform investments in Healthcare · 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

13. Alantra Private Equity Healthcare Continuation Fund SponsorVery High76

5 platform investments in Healthcare · 5 deals 2024–26

AUM €720M · Alantra Private Equity Fund IV · 2023 vintage · deploying

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

Bought Health in Code from Alantra Private Equity, 2026 · HealthTech, Spain

14. Lauxera Capital Partners SponsorVery High76

16 platform investments in Healthcare · 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

15. Impact Expansion Management SponsorVery High76

5 platform investments in Healthcare · 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

17. EQT SponsorVery High75

50 platform investments in Healthcare · 1 in Austria · 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

18. IK Partners SponsorVery High75

34 platform investments in Healthcare · 1 in Austria · 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

19. Bpifrance Investissement SponsorVery High75

10 platform investments in Healthcare · 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 Adcendo, 2026 · Biotech, Denmark

20. Inflexion (Partnership Capital III) SponsorVery High75

9 platform investments in Healthcare · 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

21. Five Arrows Managers SponsorVery High75

14 platform investments in Healthcare · 1 in Austria · 22 deals 2024–26

AUM €31M · Five Arrows Principal Investments · 2024 vintage · deploying · check €25-188M

22 platform investments since the 2024 vintage · largely deployed vs its usual 11 per fund.

Backed Blue Mountain, 2025 · HealthTech, US

22. Bridgepoint SponsorVery High74

34 platform investments in Healthcare · 2 in Austria · 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

23. Bridgepoint Development Capital SponsorVery High74

31 platform investments in Healthcare · 1 in Austria · 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 (52.5% majority stake) SponsorVery High74

30 platform investments in Healthcare · 1 in Austria · 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 BE VII + General Atlantic SponsorVery High74

30 platform investments in Healthcare · 1 in Austria · 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

11. PsychPlus CorporateVery High77

5 acquisitions in Healthcare · 5 deals 2024–26

Bought Koa Health from Yaday, 2026 · HealthTech, Spain

16. Thermo Fisher Scientific CorporateVery High76

8 acquisitions in Healthcare · 5 deals 2024–26

Accelerating: 5 deals in the last 2 years vs 0.8/yr before.

Bought Clario from Astorg, 2026 · HealthTech, US