Buyer landscape
Likely buyers · SaaS in France.
Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables
How companies like this sold · 598 verified exits: 23% to sponsors, 75% to corporates and platforms, 1% via IPO, 0% other routes. Route shift since 2020: sponsors 23% (was 22%), corporates and platforms 76% (was 76%), IPO 1% (was 2%).
The list: 24 Tier 1 · 1 Tier 2 of 120 matched buyers, including 17 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. Oakley Capital SponsorVery High93
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
2. Hg SponsorVery High90
48 platform investments in Software & IT · 5 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
3. Oakley Capital, Eurazeo, Sagard NewGen (I-Tracing platform) SponsorVery High89
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 Blinq, 2025 · SaaS, Australia
4. EQT SponsorVery High87
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 Mews, 2026 · SaaS, Netherlands
5. Isai Gestion SponsorVery High86
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 Synera, 2026 · SaaS, Germany
6. TeamSystem PE-backedVery High86
86 acquisitions in Software & IT · 5 in France · 28 deals 2024–26
Active in France since 2024.
Added on DIA Yazilim, 2026 · SaaS, Turkey
7. Capital Croissance SponsorVery High85
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 Qomon, 2025 · SaaS, France
8. 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
9. BID Equity Continuation Fund I SCSp SponsorVery High84
12 platform investments in Software & IT · 2 in France · 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
10. Arkea Capital, BNP Paribas Developpement and IRD Invest SponsorVery High83
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 Beedeez, 2024 · SaaS, France
11. Arkea Capital Partenaire SponsorVery High83
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 Beedeez, 2024 · SaaS, France
12. Bpifrance Investissement SponsorVery High83
5 platform investments in Software & IT · 89 in France · 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 Septeo, 2025 · SaaS, France
13. Irdi Capital-Investissement SponsorVery High82
34 platform investments in Software & IT · 131 in France · 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 Feedae, 2025 · SaaS, France
14. 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 Sopht, 2024 · SaaS, France
Tier 2 · High · score 50+
15. Visma PE-backedHigh81
164 acquisitions in Software & IT · 9 in France · 55 deals 2024–26 · add-on program under General Atlantic / Hg
Platform held 6 yrs · likely exiting
Active in France since 2022.
Added on MaisMei, 2026 · SaaS, Brazil
Tier 1 · Very High · score 70+
16. Apax Partners SponsorVery High80
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
19 platform investments since the 2024 vintage · largely deployed vs its usual 12 per fund.
Backed DLRdmv, 2025 · SaaS, US
17. Apax Partners (with NewAlpha) SponsorVery High80
30 platform investments in Software & IT · 8 in France · 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
18. Apax Partners and Inova Capital SponsorVery High80
29 platform investments in Software & IT · 7 in France · 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
19. Apax Partners and JMI Equity SponsorVery High80
29 platform investments in Software & IT · 7 in France · 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
20. Apax Partners SAS SponsorVery High80
29 platform investments in Software & IT · 7 in France · 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
21. Meanings Capital Partners SponsorVery High80
9 platform investments in Software & IT · 15 in France · 7 deals 2024–26
AUM €906M · Meanings Private Equity Fund IV (MPEF IV) · 2025 vintage · deploying · check €6-45M
Accelerating: 6 deals in the last 2 years vs 1.8/yr before.
Backed Instant System, 2026 · Software, France
22. 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
23. BU Bregal Unternehmerkapital Multi-Asset Continuation Fund SponsorVery High79
18 platform investments in Software & IT · 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
24. 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
25. Entrepreneur Invest SponsorVery High78
34 platform investments in Software & IT · 100 in France · 11 deals 2024–26
AUM €1.8B · FPCI Entrepreneurs & Croissance N°5 · 2022 vintage · partially deployed · check €3-23M
32 platform investments since the 2022 vintage · largely deployed vs its usual 17 per fund.
Backed Pitchy, 2023 · SaaS, France
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.