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Private Equity Buyers: How to Find a Buyer for Your Business in 2026

64 private equity firms announced new buyout and growth funds in 2026, about $151B in total. Who buys businesses, what a sale to private equity pays and which buyer fits your company.

Private Equity Buyers: How to Find a Buyer for Your Business in 2026

Key takeaways

  • The short answer: to find a private equity buyer for your business, start with firms that have just raised a fund, because they must invest it. 64 private equity firms announced new buyout or growth funds in 2026, about $151B in total.
  • Who buys: private equity funds of every size, family offices with their own money, independent sponsors who raise capital deal by deal, and strategic buyers in your industry.
  • Smaller companies: 25 of the buyers are US firms with new funds under $1B. O2 Investment Partners looks at companies with up to $15M of EBITDA, Mangrove Equity Partners at $3–10M of pre-tax profit.
  • Price: private equity deals of $1M–$500M averaged 7.2x EBITDA in 2025, according to GF Data.
  • Rollover: sellers often keep 10–30% of the equity in middle-market deals, so part of the price comes at the next sale.
  • Biggest new funds: Advent International raised $30B across two funds, Francisco Partners $21B and Clearlake Capital $14.8B.
64private equity buyersnew buyout or growth fund in 2026
$151Bin their new fundsas announced
$1Btypical new fundacross 66 funds
25US buyers with funds under $1Blower middle market
Private equity buyers with a 2026 fund, by headquarters
United States50
Continental Europe7
United Kingdom3
Asia3
Canada1

Source: Private Equity List fund tracker, 1 January – 30 October 2026

New buyout and growth funds of 2026 by size
66 funds
$1–5B2943.9%
Under $500M2334.8%
$500M–1B913.6%
$5B+57.6%

Source: Private Equity List fund tracker, fund size as announced

Continental Europe: Norway (2), Netherlands, Luxembourg, Italy, Spain and Poland. Asia: Singapore, Thailand and Vietnam.

What a private equity buyer is: a fund that buys to sell again

Private equity buyer: a fund that buys companies with money from pension funds, endowments and wealthy families, then sells them a few years later.
Also called: a financial buyer, as opposed to a strategic buyer, which is a company in your industry.
How it pays: with equity from its fund plus a loan, often from private credit funds or mezzanine lenders.
What it wants: steady profit, room to grow and a management team that stays after the sale.

Who buys businesses: strategic vs financial buyers, family offices and independent sponsors

Private equity fundStrategic buyerFamily officeIndependent sponsor
Who it isA fund that buys companies with investors' moneyA company in your industry or next to itA family investing its own moneyA dealmaker without a fund who raises money for each deal
What it wantsProfit growth it can sell laterYour products, customers or cost savingsLong-term ownershipOne good company to buy
Do you keep a stake?Often: 10–30% rollover is commonUsually notSometimes, minority or majorityDepends on the deal
After the saleGrows the company, often with add-on acquisitions, then sells itFolds your business into its ownHolds it without a fund deadlineOwns it with the funds that backed the deal
Examples O2 Investment Partners
Wind Point Partners
Your largest competitors and suppliers Kirk Kapital
Franz Haniel & Cie
Sponsors backed by GEM's $685M fund

Private equity by size: the 64 buyers range from Excelsior Capital Vietnam, with a second fund of over $170M, to Advent International, with $30B across two funds.
Family offices: they invest their own money and have no fund to return. Atlantic Capital in Breda, for example, buys Benelux SMEs with EBITDA of €0–3M.
Independent sponsors: they find a company first, then raise equity for it. GEM closed a $685M Independent Sponsors Fund II in 2026 to back them; see our guide to independent sponsors.
Strategic buyers: competitors, suppliers and customers. They often pay for what your business adds to theirs, and usually buy all of it.

Selling to private equity: what buyers pay in 2026

7.2xaverage EBITDA multiplePE deals of $1M–$500M, 2025
10–30%equity sellers often roll overmiddle-market deals
$350Kmedian small-business saleQ3 2026, BizBuySell
2,132small businesses soldQ3 2026, BizBuySell

Price: private equity deals of $1M–$500M averaged 7.2x EBITDA in 2025, according to GF Data. That was in line with the two years before and below 7.6x in 2021 and 2022.
Smaller businesses: main-street sales are a different market. BizBuySell counted 2,132 businesses sold in Q3 2026, at a median price of $350,000.
Rollover: in middle-market deals, rollover often falls in the 10% to 30% range. The seller keeps that share and is paid again when the fund sells.
Why buyers ask for it: a rollover shows that the seller believes in the business and keeps the seller committed after closing.

Biggest new buyout funds of 2026: Advent, Francisco Partners and Clearlake

Largest new buyout and growth funds of 2026, $B
Advent International (two funds)$30B
Francisco Partners (two funds)$21B
Clearlake Capital$14.8B
Bain Capital$10.5B
THL Partners$6.35B
Main Capital Partners (two funds)$5.78B
PSG$4.84B
CVC$3.3B
Wind Point Partners$3.2B
Kingswood Capital Management$3.1B

Source: Private Equity List fund tracker, fund size as announced

Which private equity buyer fits your business

By sector

By company size

Some buyers state the size of company they want in their profiles. The list runs from the smallest to the largest.

BuyerTypeCompany it looks forHeadquarters
Atlantic CapitalFamily officeEBITDA of €0–3M, minority or majority stakesBreda
Rising Point Capital ManagementPrivate equityRevenue of $10M+ and EBITDA of $2M+Chicago
154 PartnersPrivate equityEBITDA of $2–20MNew York
Regal Healthcare Capital PartnersPrivate equityEBITDA of $2–10M, revenue of $20–100MNew York
Mangrove Equity PartnersPrivate equityPre-tax profit of $3–10M, revenue of $10–100MTampa
Founders Group of Food CompaniesFamily officeFood processors and distributors with EBITDA of $5–10MVancouver
Broadwing Capital ManagementPrivate equityEBITDA of $5–25MDallas
Aphias CapitalPrivate equityEBITDA of $5–30MSan Francisco
Continuim Equity PartnersPrivate equityEBITDA of $5–40MPittsburgh
O2 Investment PartnersPrivate equityEBITDA of up to $15MBloomfield Hills
Nedvest CapitalFamily officeProfit of up to €15M, mainly in the NetherlandsAmsterdam
Dominus CapitalPrivate equityEBITDA of at least $10MNew York
Monomoy Capital PartnersPrivate equityEBITDA of $15M to $250M+New York
Ampersand Capital PartnersPrivate equityRevenue of $10–200MBoston
Achieve PartnersPrivate equityRevenue of $20–200MNew York
GenNx360 Capital PartnersPrivate equityRevenue of $50–500MNew York
Kingswood Capital ManagementPrivate equityRevenue of at least $100MLos Angeles
L Squared Capital PartnersPrivate equityEnterprise value of $50M to $800M+Newport Beach

Family offices that buy companies

Family offices invest their own money, so they can hold a company for decades. These ten say in their profiles that they buy and own operating businesses.

Family officeHeadquartersWhat it buys
RLG CapitalPark CityControlling stakes in privately held companies: business services, education, energy, health, tech
Founders Group of Food CompaniesVancouverMature food processors and distributors, built into one group
Murray CapitalEdinburghLong-term stakes with the Murray family's own capital
Franz Haniel & CieDuisburgIndependent companies in business services, manufacturing, environmental services, healthcare and education
Bregal UnternehmerkapitalMunichMid-sized companies in Germany, Austria and Switzerland, often at succession
FloracParisMid-market leaders in Europe and the US: healthcare, consumer goods, industrial supplies
Kirk KapitalVejleMedium-sized B2B companies that lead their markets
Connecting CapitalStockholmMajority stakes in Nordic industrial and trading companies, with no time limit
Atlantic CapitalBredaBenelux SMEs, with its own capital and no fixed fund cycle
Nedvest CapitalAmsterdamDutch companies with profit of up to €15M

Private equity buyers with new funds, by region

United States: lower middle market (new funds under $1B)

25 US firms raised funds under $1B in 2026. Many work with founder- and family-owned companies, and some state the size they want: Broadwing Capital Management looks for EBITDA of $5–25M, 154 Partners for $2–20M.

FirmCityNew fund (2026)What it buys
GenNx360 Capital PartnersNew YorkGenNx360 Capital Partners IV, $865MBuy-and-build in industrials and business services
Align Capital PartnersDallasAlign Capital Partners Fund IV, $770MControl stakes in business services, tech, manufacturing and distribution
O2 Investment PartnersBloomfield HillsFund V, $670MMajority stakes in family and founder-owned companies
Uplift InvestorsDarienFund I, $670MService companies, picked by business model
Dominus CapitalNew YorkDominus Capital Partners IV, $640MOperational growth and add-on acquisitions
Regal Healthcare Capital PartnersNew YorkFund IV, $610MHealthcare services
Monomoy Capital PartnersNew YorkMonomoy Family Fund I, $589MMiddle-market industrial and consumer companies
Continuim Equity PartnersPittsburghContinuim Equity Partners Fund III, $548MManufacturing and industrial businesses
Achieve PartnersNew YorkAchieve Partners Workforce II, $450MTech services, healthcare services and edtech
Baird CapitalChicagoGlobal Fund III, $450MVenture, growth and buyout deals in chosen sectors
Iron Path CapitalNashvilleIron Path Capital Fund II, $450MHealthcare and specialty industrial companies
Broadwing Capital ManagementDallasBroadwing Capital Fund I, $440MManufacturing and services companies
154 PartnersNew York154 Partners Fund I, $400MFounder- and family-led service businesses
Estancia Capital ManagementScottsdaleEstancia Capital Partners Fund III, $367MFinancial services companies
Boyne CapitalMiamiBCM Fund III, over $400MMinority or control stakes in founder-owned firms
Topspin Consumer PartnersRoslyn HeightsTopspin Consumer Partners III, $328MBranded consumer products and services
Rising Point Capital ManagementChicagoRising Point Capital Management Fund I, $325MFounder- and family-led businesses
5th Century PartnersChicagoFund II, $276MHealthcare, business services and insurance
LongWaterFargoInaugural SBIC fund, over $262.5MLower middle market companies only
Artemis Capital PartnersBostonArtemis Capital Partners IV, $254MIndustrial tech: automation, aerospace, defence
Savano Capital PartnersBaltimoreSavano Capital Partners IV, $252MShares from existing holders of software companies
Mangrove Equity PartnersTampaMangrove Investors IV, $250MManagement buyouts and recapitalisations
Seven Hills CapitalNashvilleSeven Hills Capital Fund II, $235MHealthcare services
LionLight CapitalChapel HillLionLight Capital Fund I, $215MFinancial and professional services
Savory FundSalt Lake CitySavory Fund III, $201.5MFounder-led restaurant brands

United States: mid-market and large buyers (new funds of $1B or more)

25 US firms raised $1B or more. Their deals are bigger: Kingswood Capital Management looks for revenue of at least $100M, L Squared Capital Partners for enterprise value of $50M to $800M+.

FirmCityNew fund (2026)What it buys
Advent InternationalBostonGPE XI and Mid-Market Fund, $30BFinancial services, consumer, healthcare, industrial, tech
Francisco PartnersSan FranciscoFlagship and Agility funds, $21BTechnology and tech-enabled services
Clearlake CapitalSanta MonicaClearlake Capital Partners VIII, $14.8BTechnology, industrials and consumer
Bain CapitalBostonAsia Fund VI, $10.5BCompanies across Asia (Asia Fund VI)
THL PartnersBostonTHL Equity Fund X, $6.35BFinancial technology, healthcare, tech and business solutions
PSGBostonPSG Europe III, over €4.4BGrowth software and tech-enabled services
Wind Point PartnersChicagoFund XI, $3.2BMiddle-market consumer and industrial businesses
Kingswood Capital ManagementLos AngelesCapital Opportunities Fund IV, $3.1BAerospace, automotive aftermarket, consumer, distribution
Warren EquityJacksonville BeachWarren Equity Partners Fund V, $2.8BInfrastructure and facilities services
Lightyear CapitalNew YorkLightyear Fund VI, $2.5BFinancial services, tech, healthcare and business services
L Squared Capital PartnersNewport BeachL Squared Capital Partners V, $2BEdtech, tech-enabled services, software, industrial tech
SkyKnight CapitalSan FranciscoSkyKnight Capital Fund V, $2BHealthcare, financial services and tech-enabled services
Levine Leichtman Capital PartnersLos AngelesLLCP Lower Middle Market IV, $2BLower middle market, North America and Europe
Capitol Meridian PartnersWashingtonCapitol Meridian Fund II, $1.9BGovernment services and national security
Ampersand Capital PartnersBostonAMP-26, $1.5BGrowth investments in healthcare
Consonance Capital PartnersNew YorkConsonance Private Equity III, $1.35BHealthcare
FFL PartnersSan FranciscoFFL Capital Partners VI, $1.35BHealthcare and tech-enabled services
Serent CapitalSan FranciscoSerent Capital VI, $1.3BFounder-led software and tech-enabled services
Princeton Equity GroupPrincetonPrinceton Equity Partners III, $1.3BFranchisors and multi-location businesses
TPGSan FranciscoEmerging Companies Asia, $1.3BMid-sized companies in Asia
InvestcorpNew YorkNorth American Private Equity Fund II, $1.22BMid-market buyouts in North America
Citation CapitalDallasCitation Fund I, $1.2BFounder- and family-led mid-cap companies
TruArc PartnersNew YorkTruArc Partners Fund V, $1.2BMiddle-market business services and industrials
Sheridan Capital PartnersChicagoSheridan Capital Partners Fund IV, $1.1BHealthcare services and products
Aphias CapitalSan FranciscoAphias Capital Fund I, $1.05BHealthcare services and essential B2B services

United Kingdom

Three London firms raised in 2026: Bregal Milestone for software, Preservation Capital Partners for financial and business services, and Apis Partners for growth capital in financial services and technology.

FirmCityNew fund (2026)What it buys
Apis PartnersLondonGlobal Growth Fund III and Growth Markets Fund III, $1.23BGrowth capital for financial services and tech
Bregal MilestoneLondonBregal Milestone III, €915MEuropean software companies
Preservation Capital PartnersLondonPCP Fund III, €877MControl stakes in financial and business services

Continental Europe

Seven firms from Norway to Spain. Main Capital Partners raised the most, €5.25B for enterprise software; Talde in Bilbao backs Spanish SMEs with tickets of €6–20M.

FirmCityNew fund (2026)What it buys
Main Capital PartnersThe HagueMain Capital IX and Main Foundation III, €5.25BEnterprise software buyouts
CVCLuxembourgCatalyst III, €3BMid-market companies in Europe
NorvestorOsloNorvestor X, €2BNordic companies, often via acquisitions
NextaliaMilanPrivate Equity II, over €1.1B at first closeItalian SMEs: software, fintech, services
LongshipOsloLongship Fund IV, $228MMedium-sized growth companies in Norway
Avallon MBOŁódźFourth fund, €171.5MManagement buyouts in Poland
TaldeBilbaoCapital Crecimiento III, €155M at first closeSpanish SMEs, tickets of €6–20M

Asia, Canada and the Middle East

Four buyers based outside the US and Europe raised in 2026. Bain Capital and TPG also raised Asia funds, listed with the US firms above.

FirmCityNew fund (2026)What it buys
BrookfieldTorontoMiddle East Partners, $2BPrivate equity in the Middle East
Ikhlas CapitalSingaporeSecond fund, $370MASEAN infrastructure, energy, cleantech and tech
Lakeshore CapitalBangkokThird fund, $305MMid-market growth and buyouts in Thailand and the Mekong region
Excelsior Capital VietnamVietnamSecond fund, over $170MHealthcare, consumer, tech and education in Vietnam

How a sale to private equity works: seven steps

StepWhat you doWhat the buyer does
1. PrepareClean up your accounts and get a quality-of-earnings reviewNothing yet
2. Build the buyer listPick funds with new money, family offices and strategic buyers that fit your size and sectorNothing yet
3. Teaser and NDASend a one-page teaser without your nameSigns a non-disclosure agreement to see more
4. CIM and first bidsShare the confidential information memorandum (CIM)Sends an indication of interest with a price range
5. Letter of intentChoose one buyer and agree price, structure and rolloverSigns a letter of intent, usually with exclusivity
6. Due diligenceAnswer questions on finances, contracts and customersChecks the business and lines up debt from lenders
7. Signing and closingSign the purchase agreementPays at closing; rolled equity moves into the new company

Selling a startup: strategic acquirers and growth buyers

Strategic acquirers: larger companies in your market buy startups for products, teams or customers. Corporate venture arms show which of them watch your space: see the corporate VC list.
Growth buyers for software: profitable software companies sell to private equity too. Serent Capital backs founder-led software and tech-enabled services, and L Squared Capital Partners targets companies worth $50M to $800M+ that grow more than 15% a year.
European software: PSG closed its third European growth fund at over €4.4B for software and AI companies.
Partial sales: Savano Capital Partners buys shares from existing holders of software and technology companies, so founders and early investors can sell part of their stake.

How to find a private equity buyer for your business

Start with fresh money: firms that raised in 2026 have to invest those funds. The new funds tracker adds each fund as it is announced.
Filter by sector and size: the private equity firms list and search filter by sector, country and cheque size.
Add family offices and sponsors: the family office list holds investors with their own money; independent sponsors bring their own backers.
Check the debt side: most buyouts borrow part of the price, so the buyer's lenders matter. See private credit funds and firms.
Reach the partners: profiles list partners and deal teams with their roles. CSV export comes with the Pro+ plan.

Data and methodology

Buyers: 64 private equity firms whose new buyout or growth fund was announced between 1 January and 30 October 2026, from the Private Equity List fund tracker. Each fund was checked against its announcement and the firm's profile; secondaries, fund-of-funds, co-investment, credit, real estate and infrastructure funds are left out.
Fund sizes: as announced, with euro funds shown in euros; totals use the US dollar amounts recorded in the tracker.
What each buyer looks for: company sizes, sectors and cities come from Private Equity List profiles, as of 31 October 2026.
Market figures: GF Data via ACG, BizBuySell, Porte Brown and Lathrop GPM, linked where they are used.

FAQ

Start with buyers that have fresh money: private equity firms that have just raised a fund, family offices that invest their own capital, and companies in your industry. Private Equity List tracks 64 private equity firms that announced new buyout or growth funds in 2026. Filter them by sector, country and the company size they want, then reach the partners through their profiles.
A sale to private equity pays the owner now and can leave a stake for later. In middle-market deals, sellers often roll over 10% to 30% of the equity and are paid again when the fund sells. The fund also brings money for growth and add-on acquisitions. The trade-off is that it plans to sell the company again.
Strategic buyers, which are companies in your industry; private equity funds, which buy with investors' money and sell later; family offices, which invest a family's own capital; and independent sponsors, who raise money for one deal at a time. Individuals also buy many small, main-street businesses.
A strategic buyer is a company that adds your business to its own, for products, customers or cost savings, and usually buys all of it. A financial buyer, such as a private equity fund, buys to grow the company and sell it later. It usually keeps the management team and often asks the seller to roll over part of the equity.
It depends on profit, growth and size. Private equity deals of $1 million to $500 million averaged 7.2 times EBITDA in 2025, according to GF Data. Main-street businesses sell for much less: the median sale on BizBuySell in the third quarter of 2026 was $350,000.

About the author

Giorgio Fenancio

Giorgio Fenancio is the main author of Intelligence and blog.privateequitylist.com with multiple track record in PE/VC deals and startups.

Curious about growth as well as GTM/marketing tools.

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