Buyer landscape
Likely buyers · SaaS in Denmark.
Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables
How companies like this sold · 80 verified exits: 29% to sponsors, 60% to corporates and platforms, 11% via IPO. Route shift since 2020: sponsors 21% (was 21%), corporates and platforms 75% (was 73%), IPO 3% (was 6%) (sector-wide).
The list: 24 Tier 1 · 1 Tier 2 of 120 matched buyers, including 27 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. Hg SponsorVery High85
48 platform investments in Software & IT · 3 in Denmark · 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
2. Axcel SponsorVery High85
20 platform investments in Software & IT · 29 in Denmark · 14 deals 2024–26
Axcel VII · 2023 vintage · deploying · check €26-194M
15 platform investments since the 2023 vintage · largely deployed vs its usual 9 per fund.
Backed SuperOffice, 2025 · SaaS, Norway
3. AFINUM Management GmbH SponsorVery High85
14 platform investments in Software & IT · 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
4. BU Bregal Unternehmerkapital Multi-Asset Continuation Fund SponsorVery High84
18 platform investments in Software & IT · 2 in Denmark · 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
5. EQT SponsorVery High83
40 platform investments in Software & IT · 19 in Denmark · 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
6. Oakley Capital SponsorVery High83
15 platform investments in Software & IT · 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
7. Apax Partners SponsorVery High82
35 platform investments in Software & IT · 2 in Denmark · 21 deals 2024–26
AUM €70.8B · Apax XI · 2024 vintage · deploying · check €221M-1.7B
19 platform investments since the 2024 vintage · largely deployed vs its usual 12 per fund.
Backed DLRdmv, 2025 · SaaS, US
8. BU Bregal Unternehmerkapital SponsorVery High82
17 platform investments in Software & IT · 2 in Denmark · 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
9. Apax Partners (with NewAlpha) SponsorVery High81
30 platform investments in Software & IT · 1 in Denmark · 19 deals 2024–26
AUM €70.8B · Apax XI · 2024 vintage · deploying · check €221M-1.7B
19 platform investments since the 2024 vintage · largely deployed vs its usual 12 per fund.
Backed DLRdmv, 2025 · SaaS, US
10. Apax Partners and Inova Capital SponsorVery High81
29 platform investments in Software & IT · 1 in Denmark · 19 deals 2024–26
AUM €70.8B · Apax XI · 2024 vintage · deploying · check €221M-1.7B
19 platform investments since the 2024 vintage · largely deployed vs its usual 12 per fund.
Backed DLRdmv, 2025 · SaaS, US
11. Apax Partners and JMI Equity SponsorVery High81
29 platform investments in Software & IT · 1 in Denmark · 19 deals 2024–26
AUM €70.8B · Apax XI · 2024 vintage · deploying · check €221M-1.7B
19 platform investments since the 2024 vintage · largely deployed vs its usual 12 per fund.
Backed DLRdmv, 2025 · SaaS, US
12. Apax Partners SAS SponsorVery High81
29 platform investments in Software & IT · 1 in Denmark · 19 deals 2024–26
AUM €70.8B · Apax XI · 2024 vintage · deploying · check €221M-1.7B
19 platform investments since the 2024 vintage · largely deployed vs its usual 12 per fund.
Backed DLRdmv, 2025 · SaaS, US
13. Oakley Capital, Eurazeo, Sagard NewGen (I-Tracing platform) SponsorVery High81
15 platform investments in Software & IT · 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
14. VækstPartner Kapital SponsorVery High81
15 platform investments in Software & IT · 23 in Denmark · 6 deals 2024–26
VPK Fond III · 2023 vintage · deploying · check €1-8M
9 platform investments since the 2023 vintage · largely deployed vs its usual 8 per fund.
Backed Subit, 2026 · Software, Denmark
15. BID Equity Continuation Fund I SCSp SponsorVery High81
12 platform investments in Software & IT · 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
16. Nordic Capital SponsorVery High80
27 platform investments in Software & IT · 20 in Denmark · 14 deals 2024–26
AUM €39.0B · Nordic Capital Fund XI · 2023 vintage · deploying · check €180M-1.4B
15 platform investments since the 2023 vintage · mid-deployment vs its usual 22 per fund.
Bought BRP Systems from Valedo Partners, 2024 · SaaS, Sweden
17. Summa Equity SponsorVery High80
12 platform investments in Software & IT · 3 in Denmark · 10 deals 2024–26
Summa Equity Fund III · 2022 vintage · partially deployed · check €46-345M
14 platform investments since the 2022 vintage · largely deployed vs its usual 9 per fund.
Bought Peoplesafe from ECI Partners, 2026 · SaaS, UK
Tier 2 · High · score 50+
18. Visma PE-backedHigh79
164 acquisitions in Software & IT · 37 in Denmark · 55 deals 2024–26 · add-on program under General Atlantic / Hg
Platform held 6 yrs · likely exiting
Active in Denmark since 2009.
Added on MaisMei, 2026 · SaaS, Brazil
Tier 1 · Very High · score 70+
19. Kester Capital SponsorVery High79
7 platform investments in Software & IT · 7 deals 2024–26
Kester Capital IV · 2025 vintage · deploying · check €10-75M
3 platform investments since the 2025 vintage · mid-deployment vs its usual 5 per fund.
Backed Nutritics, 2026 · SaaS, Ireland
20. TeamSystem PE-backedVery High78
86 acquisitions in Software & IT · 1 in Denmark · 28 deals 2024–26
Added on DIA Yazilim, 2026 · SaaS, Turkey
21. Via Equity SponsorVery High78
27 platform investments in Software & IT · 26 in Denmark · 8 deals 2024–26
AUM €500M · VIA equity Fund V · 2023 vintage · deploying · check €5-38M
9 platform investments since the 2023 vintage · largely deployed vs its usual 8 per fund.
Backed Robopack Group, 2026 · Software, Denmark
22. Cipio Partners SponsorVery High78
19 platform investments in Software & IT · 2 in Denmark · 8 deals 2024–26
Cipio Partners Fund VIII · 2021 vintage · partially deployed · check €4-30M
Accelerating: 6 deals in the last 2 years vs 1.8/yr before.
Backed Giraffe360, 2026 · SaaS, UK
23. Isai Gestion SponsorVery High77
61 platform investments in Software & IT · 30 deals 2024–26
AUM €458M · ISAI Expansion III · 2025 vintage · deploying · check €6-45M
23 platform investments since the 2025 vintage · largely deployed vs its usual 20 per fund.
Backed Synera, 2026 · SaaS, Germany
24. Swanlaab Venture Factory SponsorVery High77
12 platform investments in Software & IT · 18 deals 2024–26
Swanlaab Innvierte Agrifood Tech · 2024 vintage · deploying
Accelerating: 15 deals in the last 2 years vs 1.3/yr before.
Backed Flowww, 2025 · SaaS, Spain
25. Bregal Milestone SponsorVery High77
16 platform investments in Software & IT · 2 in Denmark · 7 deals 2024–26
AUM €1.3B · Bregal Milestone Fund III · 2026 vintage · deploying · check €18-137M
2 platform investments since the 2026 vintage · early in deployment vs its usual 8 per fund.
Backed Beyond Now, 2025 · SaaS, Sweden
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.