Likely buyers · MedTech in Austria.

1. NORD Holding SponsorVery High90

15 platform investments in Healthcare · 1 in Austria · 15 deals 2024–26

AUM €5.0B · NORD Holding all inclusive Fitness Continuation Fund · 2026 vintage · deploying

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

Bought Hallmarq Veterinary Imaging from August Equity, 2026 · MedTech, UK

2. NORD Holding / Pinova Capital SponsorVery High87

12 platform investments in Healthcare · 1 in Austria · 12 deals 2024–26

AUM €5.0B · NORD Holding all inclusive Fitness Continuation Fund · 2026 vintage · deploying

Accelerating: 10 deals in the last 2 years vs 2.5/yr before.

Backed Hallmarq Veterinary Imaging, 2026 · MedTech, UK

3. Archimedes Partners SponsorVery High86

53 platform investments in Healthcare · 1 in Austria · 21 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

4. Inflexion SponsorVery High84

10 platform investments in Healthcare · 27 deals 2024–26

AUM €11.0B · Inflexion Buyout Fund VII · 2026 vintage · deploying · check €90-675M

4 platform investments since the 2026 vintage · mid-deployment vs its usual 6 per fund.

Bought Primed from Paragon Partners, 2026 · MedTech, Germany

5. ArchiMed SponsorVery High84

56 platform investments in Healthcare · 1 in Austria · 18 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

6. ARCHIMED and Institut Mérieux SponsorVery High84

54 platform investments in Healthcare · 1 in Austria · 19 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

7. ArchiMed and Tethys Invest SponsorVery High84

54 platform investments in Healthcare · 1 in Austria · 18 deals 2024–26

AUM €9.0B · MED Rise · 2024 vintage · deploying · check €8-60M

18 platform investments since the 2024 vintage · largely deployed vs its usual 9 per fund.

Backed Stago, 2026 · MedTech, France

8. IK Partners SponsorVery High82

34 platform investments in Healthcare · 1 in Austria · 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 Sterimed from Sagard, 2025 · MedTech, France

9. Armira SponsorVery High82

6 platform investments in Healthcare · 2 in Austria · 12 deals 2024–26

AUM €5.0B · Armira III · 2025 vintage · deploying · check €20-150M

8 platform investments since the 2025 vintage · mid-deployment vs its usual 10 per fund.

Backed OSYPKA, 2025 · MedTech, Germany

10. bm-t Beteiligungsmanagement Thueringen SponsorVery High81

13 platform investments in Healthcare · 13 deals 2024–26

AUM €465M · Mittelstands-Fonds Thueringen II (MFT II) · 2025 vintage · deploying · check €0-3M

Accelerating: 8 deals in the last 2 years vs 2.5/yr before.

Backed DeepEn, 2025 · MedTech, Germany

11. Lauxera Capital Partners SponsorVery High79

16 platform investments in Healthcare · 6 deals 2024–26

AUM €780M · Lauxera Growth II · 2025 vintage · deploying · check €10-78M

3 platform investments since the 2025 vintage · early in deployment vs its usual 8 per fund.

Backed Bridge to Life, 2026 · MedTech, US

12. Irdi Capital-Investissement SponsorVery High78

25 platform investments in Healthcare · 33 deals 2024–26

AUM €550M · IRDI Impulsion · 2021 vintage · partially deployed · check €2-15M

76 platform investments since the 2021 vintage · largely deployed vs its usual 26 per fund.

Backed DiappyMed, 2026 · MedTech, France

13. Inflexion (Partnership Capital III) SponsorVery High78

9 platform investments in Healthcare · 25 deals 2024–26

AUM €11.0B · Inflexion Buyout Fund VII · 2026 vintage · deploying · check €90-675M

Accelerating: 15 deals in the last 2 years vs 5.0/yr before.

Backed Primed, 2026 · MedTech, Germany

14. Quadrivio Group SponsorVery High78

6 platform investments in Healthcare · 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 Biotec Italia, 2025 · MedTech, Italy

15. GHO Capital Partners SponsorVery High78

21 platform investments in Healthcare · 4 deals 2024–26

AUM €9.0B · GHO Capital IV LP · 2025 vintage · deploying · check €50-375M

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

Bought Fotofinder Systems from EMZ Partners, 2025 · MedTech, Germany

16. SHS Gesellschaft für Beteiligungsmanagement SponsorVery High77

37 platform investments in Healthcare · 2 in Austria · 6 deals 2024–26

SHS VI · 2022 vintage · partially deployed · check €5-41M

12 platform investments since the 2022 vintage · largely deployed vs its usual 8 per fund.

Backed Ackermann Instrumente, 2025 · MedTech, Germany

17. Charterhouse Capital Partners SponsorVery High76

11 platform investments in Healthcare · 10 deals 2024–26

AUM €7.0B · Charterhouse Capital Partners XI · 2023 vintage · deploying · check €28-210M

10 platform investments since the 2023 vintage · mid-deployment vs its usual 14 per fund.

Backed Winback, 2025 · MedTech, France

18. Merieux Equity Partners / Vitruvian Partners SponsorVery High76

57 platform investments in Healthcare · 6 deals 2024–26

AUM €1.6B · Mérieux Participations 5 · 2026 vintage · deploying · check €7-50M

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

Backed Prothea Technologies, 2024 · MedTech, UK

19. IK Partners (IK Small Cap III) SponsorVery High75

29 platform investments in Healthcare · 1 in Austria · 39 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.

Backed Sterimed, 2025 · MedTech, France

20. IK Partners / GIC / Keensight / Parquest / management SponsorVery High75

28 platform investments in Healthcare · 1 in Austria · 38 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.

Backed Sterimed, 2025 · MedTech, France

21. Bpifrance Investissement SponsorVery High75

10 platform investments in Healthcare · 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 Adcendo, 2026 · Biotech, Denmark

22. BC Partners SponsorVery High75

19 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

23. BC Partners / PSP Investments / Ontario Teachers SponsorVery High75

13 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

24. BC Partners + Intermediate Capital Group SponsorVery High75

13 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands

25. BC Partners and AXA Private Equity SponsorVery High75

14 platform investments in Healthcare · 5 deals 2024–26

AUM €40.0B · BC Partners XII · 2025 vintage · deploying · check €44-330M

5 platform investments since the 2025 vintage · early in deployment vs its usual 12 per fund.

Backed IGS GeboJagema, 2025 · MedTech, Netherlands