Buyer landscape

Likely buyers · Data & Analytics in France.

Prepared 2026-09-29 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables

How companies like this sold · 609 verified exits: 23% to sponsors, 75% to corporates and platforms, 1% via IPO, 0% other routes. Route shift since 2020: sponsors 23% (was 23%), corporates and platforms 76% (was 75%), IPO 1% (was 2%).

The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 10 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. Isai Gestion SponsorVery High84

61 platform investments in Software & IT · 111 in France · 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 Hiboo, 2024 · Data & Analytics, France

2. Oakley Capital SponsorVery High84

15 platform investments in Software & IT · 7 in France · 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

3. Bpifrance Investissement SponsorVery High82

6 platform investments in Software & IT · 98 in France · 38 deals 2024–26

AUM €57.3B · Bpifrance Amorçage Industriel · 2023 vintage · deploying · check €1-8M

Accelerating: 32 deals in the last 2 years vs 5.5/yr before.

Backed Braincube, 2023 · Data & Analytics, France

4. Ring Capital SponsorVery High82

10 platform investments in Software & IT · 52 in France · 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 Hiboo, 2024 · Data & Analytics, France

5. EQT SponsorVery High81

40 platform investments in Software & IT · 12 in France · 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 RIMES Technologies, 2020 · Data & Analytics, UK

6. Nordic Capital SponsorVery High81

27 platform investments in Software & IT · 1 in France · 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 BMLL from ACF Investors, 2025 · Data & Analytics, UK

7. Arkea Capital, BNP Paribas Developpement and IRD Invest SponsorVery High81

19 platform investments in Software & IT · 138 in France · 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 Auxo Dynamics, 2024 · Data & Analytics, France

8. Arkea Capital Partenaire SponsorVery High81

19 platform investments in Software & IT · 137 in France · 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 Auxo Dynamics, 2024 · Data & Analytics, France

9. Oakley Capital, Eurazeo, Sagard NewGen (I-Tracing platform) SponsorVery High81

15 platform investments in Software & IT · 6 in France · 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 Senef, 2026 · Software, France

10. Meanings Capital Partners SponsorVery High81

9 platform investments in Software & IT · 16 in France · 8 deals 2024–26

AUM €906M · Meanings Private Equity Fund IV (MPEF IV) · 2025 vintage · deploying · check €6-45M

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

Backed Instant System, 2026 · Software, France

11. Capital Croissance SponsorVery High80

16 platform investments in Software & IT · 44 in France · 20 deals 2024–26

AUM €950M · Club des entrepreneurs Capital Croissance · 2025 vintage · deploying · check €2-15M

9 platform investments since the 2025 vintage · largely deployed vs its usual 6 per fund.

Backed Iceberg Data Lab, 2024 · Data & Analytics, France

12. Turenne Groupe SponsorVery High79

25 platform investments in Software & IT · 311 in France · 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 M&C3i, 2026 · Software, France

13. TeamSystem PE-backedVery High79

86 acquisitions in Software & IT · 5 in France · 28 deals 2024–26

Active in France since 2024.

Bought ClicData from Nord Capital Partenaires, 2025 · Data & Analytics, France

14. Hg SponsorVery High79

49 platform investments in Software & IT · 6 in France · 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

15. BID Equity Continuation Fund I SCSp SponsorVery High79

22 platform investments in Software & IT · 5 in France · 15 deals 2024–26

AUM €800M · BID Equity Continuation Fund I · 2025 vintage · deploying · check €6-45M

Accelerating: 13 deals in the last 2 years vs 2.5/yr before.

Bought Bmobile from BID Equity, 2025 · SaaS, France

16. Apax Partners SponsorVery High78

35 platform investments in Software & IT · 16 in France · 21 deals 2024–26

AUM €70.8B · Apax XI · 2024 vintage · deploying · check €221M-1.7B