Buyer landscape
Likely buyers · MedTech in Germany.
Prepared 2026-08-28 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables
How companies like this sold · 280 verified exits: 22% to sponsors, 71% to corporates and platforms, 6% via IPO, 1% other routes. Route shift since 2020: sponsors 18% (was 28%), corporates and platforms 79% (was 59%), IPO 2% (was 11%).
The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 6 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. NORD Holding SponsorVery High96
15 platform investments in Healthcare · 40 in Germany · 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 High93
12 platform investments in Healthcare · 37 in Germany · 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 High91
53 platform investments in Healthcare · 7 in Germany · 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 High90
10 platform investments in Healthcare · 5 in Germany · 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. IK Partners SponsorVery High86
34 platform investments in Healthcare · 34 in Germany · 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
6. bm-t Beteiligungsmanagement Thueringen SponsorVery High86
13 platform investments in Healthcare · 28 in Germany · 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
7. ArchiMed SponsorVery High85
56 platform investments in Healthcare · 5 in Germany · 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. ARCHIMED and Institut Mérieux SponsorVery High85
54 platform investments in Healthcare · 4 in Germany · 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
9. ArchiMed and Tethys Invest SponsorVery High85
54 platform investments in Healthcare · 4 in Germany · 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
10. Inflexion (Partnership Capital III) SponsorVery High83
9 platform investments in Healthcare · 4 in Germany · 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
11. SHS Gesellschaft für Beteiligungsmanagement SponsorVery High82
37 platform investments in Healthcare · 20 in Germany · 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
12. Armira SponsorVery High82
6 platform investments in Healthcare · 23 in Germany · 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
13. GHO Capital Partners SponsorVery High82
21 platform investments in Healthcare · 4 in Germany · 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
14. Lauxera Capital Partners SponsorVery High82
16 platform investments in Healthcare · 3 in Germany · 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
15. Adagia Partners SponsorVery High80
6 platform investments in Healthcare · 6 in Germany · 5 deals 2024–26
AUM €1.3B · Adagia Capital Europe SLP · 2023 vintage · deploying · check €22-165M
Active in Germany since 2023.
Bought Technoflex from Crédit Mutuel Equity, 2024 · MedTech, France
16. IK Partners (IK Small Cap III) SponsorVery High79
29 platform investments in Healthcare · 32 in Germany · 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
17. IK Partners / GIC / Keensight / Parquest / management SponsorVery High79
28 platform investments in Healthcare · 32 in Germany · 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
18. Bridgepoint SponsorVery High78
34 platform investments in Healthcare · 9 in Germany · 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
19. Bridgepoint Development Capital SponsorVery High78
31 platform investments in Healthcare · 6 in Germany · 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
20. Bridgepoint (52.5% majority stake) SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 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
21. Bridgepoint BE VII + General Atlantic SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 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
22. Bridgepoint Capital SponsorVery High78
31 platform investments in Healthcare · 6 in Germany · 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
23. Bridgepoint Capital Developpement SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 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
24. Bridgepoint Development Capital (with Paluel-Marmont Capital & LT Capital) SponsorVery High78
30 platform investments in Healthcare · 6 in Germany · 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
25. 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
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.