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Buyer landscape

Likely buyers · Hospitality.

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

How companies like this sold · 1,823 verified exits: 35% to sponsors, 57% to corporates and platforms, 8% via IPO, 1% other routes. Route shift since 2020: sponsors 33% (was 37%), corporates and platforms 61% (was 53%), IPO 5% (was 10%).

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. EXTENDAM and Amante Capital SponsorVery High93

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

2. Extendam SponsorVery High93

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

3. Extendam, Amante Capital SponsorVery High93

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

4. Bpifrance Investissement SponsorVery High90

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

5. Cerea Partners SponsorVery High86

17 platform investments in Consumer & Retail · 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 Gruppo PEPPE, 2026 · Hospitality, France

6. Finorpa Gestion SponsorVery High84

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 Donuts & Donuts, 2026 · Hospitality, France

7. Quadrivio Group SponsorVery High82

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

8. PAI Partners SponsorVery High81

58 platform investments in Consumer & Retail · 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.

Bought European Camping Group from Montefiore Investment, 2021 · Hospitality, France

9. Axio Capital / Siparex Intermezzo SponsorVery High81

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

10. Vitruvian Partners SponsorVery High80

26 platform investments in Consumer & Retail · 19 deals 2024–26

AUM €18.0B · Vitruvian Investment Partnership V · 2023 vintage · deploying · check €146M-1.1B

20 platform investments since the 2023 vintage · mid-deployment vs its usual 20 per fund.

Bought Great Rail Journeys from Duke Street, 2025 · Hospitality, UK

11. Turenne Groupe SponsorVery High79

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 Ô Voyages, 2025 · Hospitality, France

12. Amethis SponsorVery High79

10 platform investments in Consumer & Retail · 11 deals 2024–26

AUM €1.4B · Amethis Fund III · 2026 vintage · deploying · check €8-61M

4 platform investments since the 2026 vintage · early in deployment vs its usual 8 per fund.

Backed OCS, 2026 · Hospitality, Morocco

13. TDR Capital Titan (continuation vehicle) SponsorVery High79

15 platform investments in Consumer & Retail · 8 deals 2024–26

AUM €15.0B · TDR Capital Titan · 2025 vintage · deploying · check €20-147M

3 platform investments since the 2025 vintage · mid-deployment vs its usual 4 per fund.

Bought David Lloyd Leisure from TDR Capital, 2025 · Hospitality, UK

14. Axio Capital / Siparex Intermezzo 3 SponsorVery High78

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

15. FrenchFood Capital SponsorVery High78

33 platform investments in Consumer & Retail · 14 deals 2024–26

AUM €450M · FrenchFood Agro Invest · 2023 vintage · deploying · check €2-15M

14 platform investments since the 2023 vintage · largely deployed vs its usual 10 per fund.

Backed Nouvelle Garde, 2020 · Hospitality, France

16. FrenchFood Capital + Cerea Capital SponsorVery High78

34 platform investments in Consumer & Retail · 14 deals 2024–26

AUM €450M · FrenchFood Agro Invest · 2023 vintage · deploying · check €2-15M

14 platform investments since the 2023 vintage · largely deployed vs its usual 10 per fund.

Backed Nouvelle Garde, 2020 · Hospitality, France

17. FrenchFood Capital, Socadif SponsorVery High78

33 platform investments in Consumer & Retail · 14 deals 2024–26

AUM €450M · FrenchFood Agro Invest · 2023 vintage · deploying · check €2-15M

14 platform investments since the 2023 vintage · largely deployed vs its usual 10 per fund.

Backed Nouvelle Garde, 2020 · Hospitality, France

18. Orlando Management SponsorVery High78

7 platform investments in Consumer & Retail · 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

19. Riello Investimenti SGR SponsorVery High78

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

20. NextStage AM SponsorVery High77

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

21. NextStage AM, BNP Développement, Bpifrance and management SponsorVery High77

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

22. Arkea Capital, BNP Paribas Developpement and IRD Invest SponsorVery High77

38 platform investments in Consumer & Retail · 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 Crep eat, 2024 · Hospitality, France

23. Arkea Capital Partenaire SponsorVery High77

38 platform investments in Consumer & Retail · 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 Crep eat, 2024 · Hospitality, France

24. Indigo Capital SponsorVery High76

26 platform investments in Consumer & Retail · 10 deals 2024–26

AUM €800M · Indigo Capital III · 2024 vintage · deploying · check €5-38M

10 platform investments since the 2024 vintage · early in deployment vs its usual 25 per fund.

Backed Emosia Group, 2026 · Consumer, France

25. Investindustrial SponsorVery High76

20 platform investments in Consumer & Retail · 11 deals 2024–26

AUM €11.0B · Investindustrial VIII · 2025 vintage · deploying · check €80-600M

6 platform investments since the 2025 vintage · mid-deployment vs its usual 7 per fund.

Bought Eataly from 360 Capital Partners, 2021 · Hospitality, Italy

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.