The Europe
250
Ranking the most active investors on the continent 2023 Edition
In our first edition of the Europe 250, we analysed and ranked the largest and most active investors in Europe. Our ranking is based on the size of the underlying portfolio and is calculated with a proprietary Gain.pro algorithm.
Compared to some existing global investor rankings based on recent fundraising activity, we have chosen a novel approach in order to capture the geographical element as well as the investor specific (fund-related) technicalities. Given we at Gain.pro track investor portfolios on an asset level with the most complete and high quality information available on the market, we are well-positioned to construct a more accurate ranking. This ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro.
We rank the 250 most active investors across the continent in our first edition of the report. After this, we will go one layer deeper by ranking on a geographical and sectoral level.
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Highlighted insight
The Europe 250
#
Investor
01
CVC
02
EQT
03
Triton
04
KKR
05
Waterland
06
Permira
07
Bpifrance
08
Groupe HLD
09
Apax Partners
10
OMERS
HQ
European portfolio
Managed EV, €
Entries/Exits since '18
Median EBITDA, €
Fundraising since '18, €
GB
10 companies
14.3bn
8/1
170.7m
69.3bn
SE
14 companies
13.1bn
10/9
170.3m
112.5bn
GB
18 companies
6.5bn
11/2
50.3m
8.4bn
US
9 companies
5.8bn
7/3
90.6m
107.0bn
NL
30 companies
4.0bn
29/6
14.2m
6.5bn
GB
8 companies
3.6bn
8/0
53.9m
33.1bn
FR
98 companies
3.5bn
92/19
13.1m
6.2bn
LU
7 companies
3.4bn
5/0
60.0m
-
GB
5 companies
3.4bn
4/3
60.2m
13.1bn
CA
8 companies
3.4bn
4/2
77.2m
-
See all top 250: European investors
Leverage our insights to analyze the biggest investors in Europe
Methodology
The ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro. Moreover, the managed EV is adjusted when the investor primarily engages in minority investments.
Investors who have executed less than 3 investments in Europe between January 2018 and July 2023 are excluded from the ranking. The median portfolio EBITDA calculation only includes companies with a positive EBITDA, and the ranking only includes investors with more than 4 EBITDA positive investments in Europe. Therefore, this ranking is focused on traditional buyout investments vs. growth investments.
Fundraising data, investor entries and exits refer to a timeframe from January 2018 to July 2023. Fundraising data includes investors’ global strategies and is not restricted to Europe only.
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Author:
Mikołaj Zegar
Associate, Gain.pro
Mikolaj joined Gain.pro in 2020 and currently works as Associate. He currently supports the rollout of the Quantitative Insights Group and writes European market reports. Previously, Mikolaj worked in PwC and Peakside Capital. He holds a bachelor’s degree in Quantitative Methods in Economis and Information Systems from Warsaw School of Economics.
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The Europe
The Europe
250
250
Ranking the most active investors on the continent 2023 Edition
Ranking the most active investors on the continent 2023 Edition
In our first edition of the Europe 250, we analysed and ranked the largest and most active investors in Europe. Our ranking is based on the size of the underlying portfolio and is calculated with a proprietary Gain.pro algorithm.
Compared to some existing global investor rankings based on recent fundraising activity, we have chosen a novel approach in order to capture the geographical element as well as the investor specific (fund-related) technicalities. Given we at Gain.pro track investor portfolios on an asset level with the most complete and high quality information available on the market, we are well-positioned to construct a more accurate ranking. This ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro.
We rank the 250 most active investors across the continent in our first edition of the report. After this, we will go one layer deeper by ranking on a geographical and sectoral level.
In our first edition of the Europe 250, we analysed and ranked the largest and most active investors in Europe. Our ranking is based on the size of the underlying portfolio and is calculated with a proprietary Gain.pro algorithm.
Compared to some existing global investor rankings based on recent fundraising activity, we have chosen a novel approach in order to capture the geographical element as well as the investor specific (fund-related) technicalities. Given we at Gain.pro track investor portfolios on an asset level with the most complete and high quality information available on the market, we are well-positioned to construct a more accurate ranking. This ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro.
We rank the 250 most active investors across the continent in our first edition of the report. After this, we will go one layer deeper by ranking on a geographical and sectoral level.
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Highlighted insight
The Europe 250
#
Investor
01
CVC
02
Blackstone
03
Triton
04
Carlyle
05
PAI Partners
06
KKR
07
ICG
08
Equistone
09
One Equity Partners
10
KPS Capital Partners
HQ
European portfolio
Managed EV, €
Entries/Exits since '18
Median EBITDA, €
Fundraising since '18, €
GB
8 companies
4,8bn
9/5
113.6m
69.3bn
US
7 companies
4,7bn
6/1
76.8m
112.5bn
GB
17 companies
4,6bn
9/7
108.7m
107.0bn
US
15 companies
3,4bn
12/5
320.4m
-
FR
6 companies
3,0bn
7/1
253.1m
21.5bn
US
6 companies
2,5bn
5/4
99.9m
33.1bn
GB
35 companies
2.0bn
3/5
117.2m
197.2bn
GB
20 companies
1,9bn
12/7
132.4m
38.2bn
US
9 companies
1,4bn
8/2
95.2m
22.9bn
US
5 companies
1,4bn
6/1
432.0m
38.5bn
See all top 250: European investors
Leverage our insights to analyze the biggest investors in Europe
See all top 250: European investors
Leverage our insights to analyze the biggest investors in Europe
Methodology
The ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro. Moreover, the managed EV is adjusted when the investor primarily engages in minority investments.
Investors who have executed less than 3 investments in Europe between January 2018 and July 2023 are excluded from the ranking. The median portfolio EBITDA calculation only includes companies with a positive EBITDA, and the ranking only includes investors with more than 4 EBITDA positive investments in Europe. Therefore, this ranking is focused on traditional buyout investments vs. growth investments.
Fundraising data, investor entries and exits refer to a timeframe from January 2018 to July 2023. Fundraising data includes investors’ global strategies and is not restricted to Europe only.
The ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro. Moreover, the managed EV is adjusted when the investor primarily engages in minority investments.
Investors who have executed less than 3 investments in Europe between January 2018 and July 2023 are excluded from the ranking. The median portfolio EBITDA calculation only includes companies with a positive EBITDA, and the ranking only includes investors with more than 4 EBITDA positive investments in Europe. Therefore, this ranking is focused on traditional buyout investments vs. growth investments.
Fundraising data, investor entries and exits refer to a timeframe from January 2018 to July 2023. Fundraising data includes investors’ global strategies and is not restricted to Europe only.
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Join the digital revolution in private market intelligence
Resources
The Europe
The Europe
50
50
Ranking the most active investors on the continent 2023 Edition
Ranking the most active investors on the continent 2023 Edition
In our first edition of the Europe 250, we analysed and ranked the largest and most active investors in Europe. Our ranking is based on the size of the underlying portfolio and is calculated with a proprietary Gain.pro algorithm.
Compared to some existing global investor rankings based on recent fundraising activity, we have chosen a novel approach in order to capture the geographical element as well as the investor specific (fund-related) technicalities. Given we at Gain.pro track investor portfolios on an asset level with the most complete and high quality information available on the market, we are well-positioned to construct a more accurate ranking. This ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro.
We rank the 250 most active investors across the continent in our first edition of the report. After this, we will go one layer deeper by ranking on a geographical and sectoral level.
In our first edition of the Europe 250, we analysed and ranked the largest and most active investors in Europe. Our ranking is based on the size of the underlying portfolio and is calculated with a proprietary Gain.pro algorithm.
Compared to some existing global investor rankings based on recent fundraising activity, we have chosen a novel approach in order to capture the geographical element as well as the investor specific (fund-related) technicalities. Given we at Gain.pro track investor portfolios on an asset level with the most complete and high quality information available on the market, we are well-positioned to construct a more accurate ranking. This ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro.
We rank the 250 most active investors across the continent in our first edition of the report. After this, we will go one layer deeper by ranking on a geographical and sectoral level.
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Highlighted insight
The Europe 250
#
Investor
01
CVC
02
Blackstone
03
Triton
04
Carlyle
05
PAI Partners
06
KKR
07
ICG
08
Equistone
09
One Equity Partners
10
KPS Capital Partners
HQ
European portfolio
Managed EV, €
Entries/Exits since '18
Median EBITDA, €
Fundraising since '18, €
GB
8 companies
4.8bn
9/5
106.1
69.3bn
US
7 companies
4.7bn
6/1
117.2m
197.2bn
GB
17 companies
4.6bn
9/7
53.9m
8.4bn
US
15 companies
3.4bn
12/5
35.0m
80.2
FR
6 companies
3.0bn
7/1
74.5m
8.7bn
US
6 companies
2.5bn
5/4
99.3m
107.0bn
GB
5 companies
2.0bn
3/5
55.0m
31.3bn
GB
20 companies
1.9bn
12/7
17.3m
2.8bn
US
9 companies
1.4bn
8/2
34.0m
5.2bn
US
5 companies
1.4b n
6/1
45.0m
8.1bn
See all top 250: European investors
Leverage our insights to analyze the biggest investors in Europe
See all top 250: European investors
Leverage our insights to analyze the biggest investors in Europe
Methodology
The ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro. Moreover, the managed EV is adjusted when the investor primarily engages in minority investments.
Investors who have executed less than 3 investments in Europe between January 2018 and July 2023 are excluded from the ranking. The median portfolio EBITDA calculation only includes companies with a positive EBITDA, and the ranking only includes investors with more than 4 EBITDA positive investments in Europe. Therefore, this ranking is focused on traditional buyout investments vs. growth investments.
Fundraising data, investor entries and exits refer to a timeframe from January 2018 to July 2023. Fundraising data includes investors’ global strategies and is not restricted to Europe only.
The ranking is determined by the total managed EV of each investor, calculated by multiplying the number of European portfolio companies by the median portfolio EBITDA and a predicted EBITDA multiple derived from a proprietary valuation algorithm developed by Gain.pro. Moreover, the managed EV is adjusted when the investor primarily engages in minority investments.
Investors who have executed less than 3 investments in Europe between January 2018 and July 2023 are excluded from the ranking. The median portfolio EBITDA calculation only includes companies with a positive EBITDA, and the ranking only includes investors with more than 4 EBITDA positive investments in Europe. Therefore, this ranking is focused on traditional buyout investments vs. growth investments.
Fundraising data, investor entries and exits refer to a timeframe from January 2018 to July 2023. Fundraising data includes investors’ global strategies and is not restricted to Europe only.
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Download the full report
Leverage our insights to analyze the biggest investors in Europe
Join the digital revolution in private market intelligence
Resources