Buyer landscape
Likely buyers · FoodTech in Netherlands.
Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables
How companies like this sold · 28 verified exits: 61% to sponsors, 36% to corporates and platforms, 4% other routes. Route shift since 2020: sponsors 33% (was 37%), corporates and platforms 61% (was 53%), IPO 5% (was 10%) (sector-wide).
The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 15 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. Riello Investimenti SGR SponsorVery High83
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
2. PAI Partners SponsorVery High81
58 platform investments in Consumer & Retail · 4 in Netherlands · 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.
Backed Refresco, 2018 · FoodTech, Netherlands
3. Orlando Management SponsorVery High81
7 platform investments in Consumer & Retail · 2 in Netherlands · 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
4. Waterland Private Equity SponsorVery High80
36 platform investments in Consumer & Retail · 56 in Netherlands · 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 Umami, 2024 · FoodTech, Belgium
5. Bpifrance Investissement SponsorVery High78
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
6. Finorpa Gestion SponsorVery High78
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 Nutriearth, 2024 · FoodTech, France
7. EXTENDAM and Amante Capital SponsorVery High78
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
8. Extendam SponsorVery High78
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
9. Extendam, Amante Capital SponsorVery High78
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
10. EQT SponsorVery High77
28 platform investments in Consumer & Retail · 9 in Netherlands · 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 Oterra, 2021 · FoodTech, Denmark
11. Apheon SponsorVery High77
23 platform investments in Consumer & Retail · 10 in Netherlands · 11 deals 2024–26
AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M
7 platform investments since the 2025 vintage · largely deployed vs its usual 6 per fund.
Backed Alma, 2026 · Consumer, Belgium
12. Apheon TMC HDC Long Term Value Fund (HarbourVest-led) + LFPI SponsorVery High77
23 platform investments in Consumer & Retail · 10 in Netherlands · 12 deals 2024–26
AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M
7 platform investments since the 2025 vintage · largely deployed vs its usual 6 per fund.
Backed Alma, 2026 · Consumer, Belgium
13. Apheon TMC HDC Long Term Value Fund SCSp (HarbourVest + LFPI-backed continuation fund) SponsorVery High77
23 platform investments in Consumer & Retail · 10 in Netherlands · 12 deals 2024–26
AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M
7 platform investments since the 2025 vintage · largely deployed vs its usual 6 per fund.
Backed Alma, 2026 · Consumer, Belgium
14. Apheon TMC HDC Long Term Value Fund SCSp (HarbourVest + MML Capital-backed continuation fund) SponsorVery High77
22 platform investments in Consumer & Retail · 11 in Netherlands · 12 deals 2024–26
AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M
7 platform investments since the 2025 vintage · largely deployed vs its usual 6 per fund.
Backed Alma, 2026 · Consumer, Belgium
15. Quadrivio Group SponsorVery High76
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 Alice Pizza, 2026 · Hospitality, Italy
16. Axio Capital / Siparex Intermezzo SponsorVery High75
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
17. Axio Capital / Siparex Intermezzo 3 SponsorVery High75
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
18. Turenne Groupe SponsorVery High74
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
19. NextStage AM SponsorVery High74
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 La Fabrique Cookies, 2026 · Consumer, France
20. NextStage AM, BNP Développement, Bpifrance and management SponsorVery High74
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 La Fabrique Cookies, 2026 · Consumer, France
21. PAI Partners (Fund VIII) SponsorVery High74
43 platform investments in Consumer & Retail · 4 in Netherlands · 17 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.
Backed Refresco, 2018 · FoodTech, Netherlands
22. PAI Partners (Mid-Market Fund) SponsorVery High74
43 platform investments in Consumer & Retail · 4 in Netherlands · 16 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.
Backed Refresco, 2018 · FoodTech, Netherlands
23. PAI Partners (Mid-Market) SponsorVery High74
44 platform investments in Consumer & Retail · 4 in Netherlands · 16 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.
Backed Refresco, 2018 · FoodTech, Netherlands
24. PAI Partners / ADIA SponsorVery High74
43 platform investments in Consumer & Retail · 4 in Netherlands · 17 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.
Backed Refresco, 2018 · FoodTech, Netherlands
25. PAI Partners and Ontario Teachers' Pension Plan SponsorVery High74
43 platform investments in Consumer & Retail · 4 in Netherlands · 16 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.
Backed Refresco, 2018 · FoodTech, Netherlands
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.