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Maguar co-invests in the legal tech provider STP alongside Bregal

Software investor Maguar has agreed to acquire a minority stake in STP Informationstechnologie GmbH (“STP”), headquartered in Karlsruhe, Germany, alongside the lead investor Bregal Unternehmerkapital. The terms of the transaction were not disclosed. This is the second investment of the Maguar 1 Fund after having acquired the SaaS HR software provider HRworks GmbH in September 2020.

Founded in 1993 by Gunther Thies and Ralph Suikat, STP is a leading one-stop shop solution provider, empowering the digitisation of insolvency and legal practitioners. It provides a fully integrated legal tech platform comprising workflow automation, ERP software, specialist technical outsourcing and data businesses. STP’s solutions are deeply embedded in the insolvency ecosystem and commercial law segment, with a dedicated full-suite offering. The business employs around 200 people, serving over 1,800 customers with critical software and services for their daily workflow.

Maguar is a German private equity manager exclusively focusing on small cap software investments in the DACH region. Founded in 2019 by Arno Poschik, Gunther Thies and Matthias Ick, Maguar specialises in partnering with high-quality B2B software companies and supports them in realising their growth potential. Maguar differentiates itself by in-depth software expertise and its entrepreneurial approach. Both Gunther Thies and Matthias Ick are established, long-term successful software and tech founders as well as CEOs.

Gunther Thies, founder of STP and partner at Maguar commented: “Today, STP is in a great position, owed to the hard work of our team, our brilliant employees and strategic partners. Together with Hg we have significantly professionalised the business, overseen a number of accretive acquisitions and driven strategic growth across the business. I remain highly committed to the business and look forward to investing further into our product suite and unparalleled customer experience together with our partner Bregal.” Arno Poschik, partner at Maguar, added: “STP is a high-quality software provider with a great positioning in the attractive legal tech niche. We are more than happy to have the chance to partner with STP as well as Bregal and contribute to the future growth of the company.” Matthias Ick, Maguar’s third partner, concluded: “STP’s business model fits perfectly to our investment strategy. The legal tech industry currently undergoes a tremendous shift to digitalisation, with STP being one of the pioneers in the DACH region; and considering that Gunther Thies founded STP and has been running it for more than 25 years as CEO, we are convinced that we will have a significant contribution to the future development of STP over the coming years.”

Arno Poschik, Partner Maguar, ap@maguar.com, www.maguar.com.

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