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Buyer landscape

Likely buyers · Healthcare in Belgium.

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

How companies like this sold · 22 verified exits: 14% to sponsors, 68% to corporates and platforms, 18% via IPO. Route shift since 2020: sponsors 23% (was 30%), corporates and platforms 67% (was 54%), IPO 8% (was 15%) (sector-wide).

The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 21 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. Turenne Groupe SponsorVery High85

55 platform investments in Healthcare · 3 in Belgium · 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 Destia, 2026 · Healthcare, France

2. Bridgepoint SponsorVery High83

34 platform investments in Healthcare · 43 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Bought {my}dentist (formerly IDH) from Palamon Capital Partners, 2025 · Healthcare, UK

3. Bridgepoint Development Capital SponsorVery High83

31 platform investments in Healthcare · 36 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK

4. Bridgepoint (52.5% majority stake) SponsorVery High83

30 platform investments in Healthcare · 36 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK

5. Bridgepoint BE VII + General Atlantic SponsorVery High83

30 platform investments in Healthcare · 37 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK

6. Bridgepoint Capital SponsorVery High83

31 platform investments in Healthcare · 36 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK

7. Bridgepoint Capital Developpement SponsorVery High83

30 platform investments in Healthcare · 36 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK

8. Bridgepoint Development Capital (with Paluel-Marmont Capital & LT Capital) SponsorVery High83

30 platform investments in Healthcare · 36 deals 2024–26

AUM €86.6B · Europe VIII (BE VIII) · 2026 vintage · deploying · check €120-900M

4 platform investments since the 2026 vintage · early in deployment vs its usual 20 per fund.

Backed {my}dentist (formerly IDH), 2025 · Healthcare, UK

9. EQT SponsorVery High82

50 platform investments in Healthcare · 5 in Belgium · 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.

Bought Europa Biosite from Adelis Equity, 2025 · Healthcare, Sweden

10. Inflexion SponsorVery High82

10 platform investments in Healthcare · 1 in Belgium · 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.

Backed CNX Therapeutics, 2025 · Healthcare, UK

11. Apheon SponsorVery High82

11 platform investments in Healthcare · 14 in Belgium · 11 deals 2024–26

AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M

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

Backed Diagnostica Longwood, 2025 · Healthcare, Spain

12. Apheon TMC HDC Long Term Value Fund (HarbourVest-led) + LFPI SponsorVery High82

11 platform investments in Healthcare · 14 in Belgium · 12 deals 2024–26

AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M

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

Backed Diagnostica Longwood, 2025 · Healthcare, Spain

13. Apheon TMC HDC Long Term Value Fund SCSp (HarbourVest + LFPI-backed continuation fund) SponsorVery High82

11 platform investments in Healthcare · 14 in Belgium · 12 deals 2024–26

AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M

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

Backed Diagnostica Longwood, 2025 · Healthcare, Spain

14. Apheon TMC HDC Long Term Value Fund SCSp (HarbourVest + MML Capital-backed continuation fund) SponsorVery High82

11 platform investments in Healthcare · 14 in Belgium · 12 deals 2024–26

AUM €4.5B · AMB VI · 2025 vintage · deploying · check €25-188M

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

Backed Diagnostica Longwood, 2025 · Healthcare, Spain

15. Inflexion (Partnership Capital III) SponsorVery High81

9 platform investments in Healthcare · 1 in Belgium · 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 CNX Therapeutics, 2025 · Healthcare, UK

16. IK Partners SponsorVery High80

34 platform investments in Healthcare · 8 in Belgium · 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.

Backed Sterimed Group, 2025 · Healthcare, France

17. PAI Partners SponsorVery High80

24 platform investments in Healthcare · 5 in Belgium · 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 Nutripure, 2024 · Healthcare, France

18. IK Partners (IK Small Cap III) SponsorVery High79

29 platform investments in Healthcare · 8 in Belgium · 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 Group, 2025 · Healthcare, France

19. IK Partners / GIC / Keensight / Parquest / management SponsorVery High79

28 platform investments in Healthcare · 8 in Belgium · 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 Group, 2025 · Healthcare, France

20. Idia SponsorVery High78

12 platform investments in Healthcare · 27 deals 2024–26

AUM €2.4B · Crédit Agricole Assurances Avenir et Territoires · 2026 vintage · deploying · check €2-15M

5 platform investments since the 2026 vintage · early in deployment vs its usual 25 per fund.

Backed Lagarrigue, 2026 · Healthcare, France

21. Merieux Equity Partners / Vitruvian Partners SponsorVery High78

57 platform investments in Healthcare · 6 in Belgium · 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 Curea Medical GmbH, 2025 · Healthcare, Germany

22. NORD Holding SponsorVery High78

15 platform investments in Healthcare · 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.

Backed M.A.S. Material Analytischer Service GmbH, 2025 · Healthcare, Germany

23. NORD Holding / Pinova Capital SponsorVery High78

12 platform investments in Healthcare · 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 M.A.S. Material Analytischer Service GmbH, 2025 · Healthcare, Germany

24. Ardian SponsorVery High77

67 platform investments in Healthcare · 6 in Belgium · 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.

Backed Ourvita + HBI, 2025 · Healthcare, France

25. Ardian Clean Energy Evergreen Fund SponsorVery High77

62 platform investments in Healthcare · 6 in Belgium · 44 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.

Backed Ourvita + HBI, 2025 · Healthcare, 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.