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Maguar Capital

Maguar Capital

Munich, Germany·Founded 2019··maguar.com

Maguar Capital Partners is a Munich-based private equity firm founded in 2019 that backs B2B software companies in the DACH small-cap segment, typically with EBITDA of EUR 1-8m. The firm has raised more than EUR 595m across Maguar Fund 1 (EUR 104m, 2021), a EUR 235m continuation fund for HRworks (2023) and Maguar Fund 2, closed at its EUR 306m hard cap in February 2024. Portfolio spans HR tech, legal tech and vertical software across Germany, Austria, Switzerland, Benelux and Spain.

AUM
€595M
Funds
3
vintages 2020–2023
Portfolio
8
Exits
3
SectorsSoftware

Key facts

HQMunich, Germany
Founded2019
Websitemaguar.com

Recent exits

Ingentis
HR Tech · 2025 · 4yr hold
stp.one
LegalTech · 2025 · 5yr hold
HR Works
HR Tech · 2023 · 3yr hold

Coverage notes

3 funds tracked, 11 portfolio companies (8 active · 3 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Maguar Capital has raised, with its portfolio companies. Hand-checked from public filings.

3 funds
Maguar Continuation Fund IBuyout
2023 · 3yr€235M1 active

Unrealized

1 held
HR WorksActive
HR TechGermany· Entry 2023
Maguar Fund 2Buyout
2023 · 3yr€306M5 active

Unrealized

5 held
SoftwareSpain· Entry 2026
hsbcadActive
SoftwareBelgium· Entry 2024
SoftwareSwitzerland· Entry 2024
shyftplanActive
HR TechGermany· Entry 2024
TimeTacActive
HR TechAustria· Entry 2023
Maguar Fund 1Buyout
2020 · 6yr€104M2 active · 3 realized

Unrealized

2 held
EffectoryActive
HR TechNetherlands· Entry 2022
NavaxActive
FintechAustria· Entry 2021

Realized

3 exits
HR WorksExited 2023
HR TechGermany· Entry 2020
GP-ledto
IngentisExited 2025
HR TechGermany· Entry 2021
Secondaryto
stp.oneExited 2025
LegalTechGermany· Entry 2020
Trade Saleto
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Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Arno Poschik
Partner, Co-Founder
Matthias Ick
Partner, Co-Founder
Markus Schunk
Partner
Last updated July 2026 · Sourced from public filings