KKR reportedly mulls acquisition of Italian healthcare tech firm GPI.

KKR, a private equity firm, is reportedly exploring the acquisition of GPI SpA, an Italian healthcare technology firm. The potential purchase is part of KKR's search for takeover targets amid volatile markets. GPI provides healthcare management software and services to hospitals and clinics. The deal is still in the exploratory stages and has not been confirmed.

Private equity giant KKR & Co. is reportedly considering the acquisition of Italian healthcare technology firm GPI SpA, according to sources familiar with the matter. The potential deal comes amidst a volatile market environment, where KKR has been actively seeking takeover targets.

GPI SpA, based in Trent, provides a range of technological solutions to the healthcare sector, including hospital information systems, diagnostic solutions, and care service technologies. The company posted revenues of €510 million in 2024, with earnings before interest, tax, depreciation, and amortization rising 31% to €105 million [1].

An investment vehicle backed by GPI Chief Executive Officer Fausto Manzana holds a significant stake in the company, with a 48% equity interest that equates to 57% of the voting rights. Deliberations are ongoing, but there is no certainty that the transaction will materialize. KKR has not commented on the matter, and GPI declined to provide a response [1].

This potential acquisition would add to the growing trend of private equity buyouts in Europe this year, driven by a favorable financing environment and cheaper valuations. KKR has been a prolific dealmaker, recently agreeing to buy Spectris Plc for £4.1 billion, surpassing an earlier bid from Advent [1].

KKR's interest in GPI SpA is part of the firm's broader strategy to explore investment opportunities outside of the US, including Europe. In May, KKR's founders announced their hunt for investment opportunities in the region, and the firm has recently struck multibillion-euro deals for Swedish consumer-health company Karo Healthcare and post-trade services provider OSTTRA [1].

The acquisition of GPI SpA would bolster KKR's presence in the healthcare technology sector, which has been increasingly important due to the growing digitalization of healthcare services. GPI's solutions are designed to improve the efficiency and effectiveness of healthcare management, making it an attractive target for a private equity firm looking to expand its portfolio.

References:
[1] https://www.bloomberg.com/news/articles/2025-07-16/kkr-said-to-mull-acquisition-of-health-care-technology-firm-gpi