What investment strategy does Maguar Capital focus on?

Maguar Capital focuses on Buyout strategies in the private equity space.

How many portfolio companies does Maguar Capital have?

Maguar Capital has 9 active portfolio companies and 3 completed exits and 3 funds tracked on GP Intel.

Where is Maguar Capital headquartered?

Maguar Capital is headquartered in Munich, Germany.

What is Maguar Capital's assets under management?

Maguar Capital manages approximately €595M in assets under management.

When was Maguar Capital founded?

Maguar Capital was founded in 2019.

What sectors does Maguar Capital invest in?

Maguar Capital invests across Software.

What are Maguar Capital's recent exits?

Recent realized exits by Maguar Capital include: Ingentis (2025) to The Carlyle Group; stp.one (2025) to Septeo; HR Works (2023) to Maguar Continuation Fund I.

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Maguar Capital

Munich, Germany·Founded 2019·

Buyout

·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

vintages 2020–2023

Portfolio

Exits

Maguar Capital is a Munich buyout firm with €595M AUM, 9 active companies and 3 exits.

SectorsSoftware

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 3 realized deals: 4 years.
·Top sector focus: HR Tech (50% of portfolio).
·Fund cadence: ~2Y between vintages · last raise 2023.

Sector breakdown

12 companies

HR Tech

6 · 50%

SaaS

2 · 17%

Cybersecurity

1 · 8%

Software

1 · 8%

Fintech

1 · 8%

LegalTech

1 · 8%

Geography breakdown

6 geographies

Germany

6 · 50%

Austria

2 · 17%

Spain

1 · 8%

Belgium

1 · 8%

Switzerland

1 · 8%

Netherlands

1 · 8%

Key facts

HQMunich, Germany

Founded2019

Websitemaguar.com

Recent exits

Maguar Capital sold Ingentis to The Carlyle Group in 2025 after 4 years.

Maguar Capital sold stp.one to Septeo in 2025 after 4 years.

Maguar Capital sold HR Works to Maguar Continuation Fund I in 2023 after 3 years.

Partners

Arno PoschikPartner, Co-Founder

Matthias IckPartner, Co-Founder

Markus SchunkPartner

Coverage notes

3 funds tracked, 12 portfolio companies (9 active · 3 realized). Verified weekly from public filings and deal announcements.

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

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Maguar Continuation Fund IActive

Buyout2023€235M1 assets

Buyout

2023 · 3yr

€235M

–

Unrealized

1 held

Company	Entry
HR Works HR Tech · Germany	2023

Maguar Fund 2

Buyout2023€306M6 assets

Buyout

2023 · 3yr

€306M

–

Unrealized

6 held

Company	Entry
GlobalSuite Solutions Cybersecurity · Spain	2026
hsbcad Software · Belgium	2024
Navori Labs SaaS · Switzerland	2024
Schlafender Hase SaaS · Germany	2026
shyftplan HR Tech · Germany	2024
TimeTac HR Tech · Austria	2023

Maguar Fund 1Harvesting

Buyout2020€104M2 assets3 exits

Buyout

2020 · 6yr

€104M

Unrealized

2 held

Company	Entry
Effectory HR Tech · Netherlands	2022
Navax Fintech · Austria	2021

Realized

3 exits

Company	Entry	Exit	Type	Buyer	MOIC
HR Works HR Tech · Germany	2020	2023	Continuation Vehicle	Maguar Continuation Fund I	–
Ingentis HR Tech · Germany	2021	2025	Secondary	The Carlyle Group	–
stp.one LegalTech · Germany	2021	2025	Trade Sale	Septeo	–

Frequently asked questions

What investment strategy does Maguar Capital focus on?: Maguar Capital focuses on Buyout strategies in the private equity space.
How many portfolio companies does Maguar Capital have?: Maguar Capital has 9 active portfolio companies and 3 completed exits and 3 funds tracked on GP Intel.
Where is Maguar Capital headquartered?: Maguar Capital is headquartered in Munich, Germany.
What is Maguar Capital's assets under management?: Maguar Capital manages approximately €595M in assets under management.
When was Maguar Capital founded?: Maguar Capital was founded in 2019.
What sectors does Maguar Capital invest in?: Maguar Capital invests across Software.
What are Maguar Capital's recent exits?: Recent realized exits by Maguar Capital include: Ingentis (2025) to The Carlyle Group; stp.one (2025) to Septeo; HR Works (2023) to Maguar Continuation Fund I.