Buyer landscape
Likely buyers · Logistics.
Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables
How companies like this sold · 2,170 verified exits: 39% to sponsors, 57% to corporates and platforms, 4% via IPO, 1% other routes. Route shift since 2020: sponsors 36% (was 42%), corporates and platforms 59% (was 53%), IPO 4% (was 4%).
The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers. 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. Bpifrance Investissement SponsorVery High84
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 Francbord, 2026 · Logistics, France
2. Waterland Private Equity SponsorVery High83
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 Palletways, 2026 · Logistics, UK
3. Sodero Gestion, CENCD SponsorVery High81
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 The Reefer Group, 2025 · Logistics, France
4. 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
5. Arkea Capital, BNP Paribas Developpement and IRD Invest SponsorVery High80
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 The Reefer Group, 2025 · Logistics, France
6. Arkea Capital Partenaire SponsorVery High80
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 The Reefer Group, 2025 · Logistics, France
7. Ardian, Finint Infrastrutture SponsorVery High79
126 platform investments in Industrials · 43 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 SAVE from InfraVia Capital Partners, 2026 · Logistics, Italy
8. PAI Partners SponsorVery High79
33 platform investments in Industrials · 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 Albea, 2018 · Logistics, France
9. Altor Equity Partners SponsorVery High79
28 platform investments in Industrials · 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 Wrist Ship Supply, 2007 · Logistics, Denmark
10. IGI Private Equity SponsorVery High79
18 platform investments in Industrials · 8 deals 2024–26
AUM €169M · IGI Sustainable Transition Fund · 2024 vintage · deploying
Accelerating: 6 deals in the last 2 years vs 1.3/yr before.
Backed Bracchi, 2016 · Logistics, Italy
11. PAI Partners (Fund VIII) SponsorVery High78
28 platform investments in Industrials · 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 Albea, 2018 · Logistics, France
12. PAI Partners (Mid-Market Fund) SponsorVery High78
28 platform investments in Industrials · 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 Albea, 2018 · Logistics, France
13. PAI Partners (Mid-Market) SponsorVery High78
28 platform investments in Industrials · 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 Albea, 2018 · Logistics, France
14. PAI Partners / ADIA SponsorVery High78
29 platform investments in Industrials · 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 Albea, 2018 · Logistics, France
15. PAI Partners and Ontario Teachers' Pension Plan SponsorVery High78
28 platform investments in Industrials · 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 Albea, 2018 · Logistics, France
16. Audacia SponsorVery High78
21 platform investments in Industrials · 27 deals 2024–26
AUM €2.8B · Audacia Capital Développement IV · 2023 vintage · deploying · check €4-30M
45 platform investments since the 2023 vintage · largely deployed vs its usual 12 per fund.
Backed Geolinks, 2026 · Industrials, France
17. EQT SponsorVery High77
51 platform investments in Industrials · 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 Constellation Cold Logistics, 2024 · Logistics, Netherlands
18. Cerea Partners SponsorVery High77
13 platform investments in Industrials · 15 deals 2024–26
AUM €1.5B · Cerea Agro Dev Industrie · 2025 vintage · deploying · check €5-38M
8 platform investments since the 2025 vintage · largely deployed vs its usual 8 per fund.
Backed Wiio, 2025 · Logistics, France
19. BU Bregal Unternehmerkapital Multi-Asset Continuation Fund SponsorVery High77
10 platform investments in Industrials · 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 SwipBox, 2025 · Logistics, Denmark
20. BU Bregal Unternehmerkapital SponsorVery High77
10 platform investments in Industrials · 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 SwipBox, 2025 · Logistics, Denmark
21. Blue Equity SponsorVery High77
25 platform investments in Industrials · 4 deals 2024–26
Blue Equity IV K/S · 2026 vintage · deploying
2 platform investments since the 2026 vintage · early in deployment vs its usual 8 per fund.
Backed GoForward Group, 2026 · Logistics, Denmark
22. FLEXAM INVEST ASSET MANAGEMENT SponsorVery High77
5 platform investments in Industrials · 7 deals 2024–26
AUM €287M · Kartesia Asset Finance III · 2024 vintage · deploying · check €4-30M
Accelerating: 6 deals in the last 2 years vs 0.5/yr before.
Backed CTL Logistics Group, 2025 · Logistics, Poland
23. Ardian SponsorVery High76
137 platform investments in Industrials · 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 Staci from Cobepa, 2019 · Logistics, France
24. Turenne Groupe SponsorVery High76
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 Envoyé Spécial, 2021 · Logistics, France
25. IK Partners SponsorVery High76
75 platform investments in Industrials · 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 SELATEK from Amplio, 2026 · Industrials, 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.