Buyer landscape

Likely buyers · Construction in Sweden.

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

How companies like this sold · 112 verified exits: 26% to sponsors, 63% to corporates and platforms, 10% via IPO, 1% other routes. Route shift since 2020: sponsors 33% (was 21%), corporates and platforms 62% (was 64%), IPO 4% (was 13%).

The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 21 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. Altor Equity Partners SponsorVery High91

28 platform investments in Industrials · 49 in Sweden · 12 deals 2024–26

AUM €8.3B · Altor Fund VI · 2023 vintage · deploying · check €60-450M

16 platform investments since the 2023 vintage · mid-deployment vs its usual 18 per fund.

Backed ElteraGruppen, 2026 · Construction, Norway

2. IK Partners SponsorVery High83

75 platform investments in Industrials · 48 in Sweden · 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 Consolis from Abénex, 2005 · Construction, France

3. Helix Kapital SponsorVery High82

7 platform investments in Industrials · 17 in Sweden · 5 deals 2024–26

Helix III · 2023 vintage · deploying

7 platform investments since the 2023 vintage · largely deployed vs its usual 6 per fund.

Backed Revivo Group, 2024 · Construction, Sweden

4. Turenne Groupe SponsorVery High81

58 platform investments in Industrials · 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 O2D Environnement, 2026 · Construction, France

5. DUBAG Group SponsorVery High81

14 platform investments in Industrials · 8 deals 2024–26

Lenbach Equity Opportunities III · 2024 vintage · deploying · check €2-12M

Accelerating: 7 deals in the last 2 years vs 1.8/yr before.

Backed H.K.O., 2026 · Construction, Germany

6. Ardian SponsorVery High80

137 platform investments in Industrials · 8 in Sweden · 51 deals 2024–26

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

13 platform investments since the 2025 vintage · mid-deployment vs its usual 15 per fund.

Bought Fermax from Eurazeo, 2025 · Construction, Spain

7. EQT SponsorVery High80

51 platform investments in Industrials · 53 in Sweden · 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 HusCompagniet, 2015 · Construction, Denmark

8. Bpifrance Investissement SponsorVery High80

27 platform investments in Industrials · 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 BRIFER, 2025 · Construction, France

9. Sodero Gestion, CENCD SponsorVery High80

16 platform investments in Industrials · 22 deals 2024–26

AUM €350M · Transmettre & Pérenniser III · 2025 vintage · deploying · check €2-15M

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

Backed CO2 Démolitions, 2026 · Construction, France

10. IK Partners (IK Small Cap III) SponsorVery High79

70 platform investments in Industrials · 46 in Sweden · 39 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.

Backed Francks Kylindustri, 2025 · Industrials, Sweden

11. IK Partners / GIC / Keensight / Parquest / management SponsorVery High79

71 platform investments in Industrials · 46 in Sweden · 38 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.

Backed Francks Kylindustri, 2025 · Industrials, Sweden

12. Arkea Capital, BNP Paribas Developpement and IRD Invest SponsorVery High79

47 platform investments in Industrials · 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 Synelis, 2026 · Construction, France

13. Arkea Capital Partenaire SponsorVery High79

46 platform investments in Industrials · 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 Synelis, 2026 · Construction, France

14. Waterland Private Equity SponsorVery High78

38 platform investments in Industrials · 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.

Backed Interalu, 2024 · Construction, Belgium

15. Bridgepoint SponsorVery High77

32 platform investments in Industrials · 13 in Sweden · 43 deals 2024–26