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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
9
Exits
3
SectorsSoftware

Key facts

HQMunich, Germany
Founded2019
Websitemaguar.com

Recent exits

Ingentis
Ingentis
HR Tech2025 · 4yr hold
stp.one
stp.one
LegalTech2025 · 4yr hold
HR Works
HR Works
HR Tech2023 · 3yr hold

Coverage notes

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

Sector breakdown

12 companies
HR Tech
6 · 50%
Software
4 · 33%
Fintech
1 · 8%
LegalTech
1 · 8%

Funds & portfolio

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

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

Unrealized

1 held
HR Works
HR WorksActive
HR TechGermany· Entry 2023
Maguar Fund 2Buyout
2023 · 3yr€306M6 active

Unrealized

6 held
SoftwareSpain· Entry 2026
hsbcadActive
SoftwareBelgium· Entry 2024
Navori Labs
Navori LabsActive
SoftwareSwitzerland· Entry 2024
SoftwareGermany· Entry 2026
shyftplan
shyftplanActive
HR TechGermany· Entry 2024
TimeTac
TimeTacActive
HR TechAustria· Entry 2023
Maguar Fund 1BuyoutHarvesting
2020 · 6yr€104M2 active · 3 realized

Unrealized

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

Realized

3 exits
HR Works
HR WorksExited 2023
HR TechGermany· Entry 2020
Continuation Vehicleto
Ingentis
IngentisExited 2025
HR TechGermany· Entry 2021
Secondaryto
stp.one
stp.oneExited 2025
LegalTechGermany· Entry 2021
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

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Geography breakdown across 6 geographies
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Last updated August 2026 · Sourced from public filings · Report an issue