Software investor Maguar has agreed to invest and participate in NAVAX Consulting GmbH (“NAVAX”, the “Company”), a leading Software and IT Services Provider, headquartered in Vienna/Austria, through its Maguar I Fund for an undisclosed amount.
NAVAX, founded in 1995 by Oliver Krizek, is a leading Software and IT Services Provider that supports customers across the DACH region in optimizing and digitalizing their processes through solutions from the Microsoft Dynamics software suite and individual software solutions, for example “HENRI”, a proprietary software targeted at the Financial Services and leasing industries. NAVAX serves a highly loyal customer base with over 250 FTE in 8 offices across Austria and Germany through SaaS solutions, consulting, and implementation services. The Company is the leading Microsoft Dynamics partner in Austria and is a certified Microsoft Gold Partner across multiple categories.
Maguar enters into a partnership with NAVAX and Oliver Krizek, its founder, who will continue to serve as NAVAX CEO with the commitment to further support the company’s growth and vision.
Maguar Capital Partners, based in Munich, Germany, has been founded 2019 by Arno Poschik, Gunther Thies and Matthias Ick. It focuses on B2B software investments in the small cap segment with EBITDA normally in the range of EUR 1-6m located in the DACH region. Maguar differentiates itself by its entrepreneurial background and long-term management experience in the tech industry. The team has more than 35 years CEO software experience and more than 10 years of private equity experience.
Oliver Krizek, founder and CEO of NAVAX, highlighted: “The idea of partnering with Maguar has felt naturally right from the start of our joint conversations. The in-depth expertise of the Maguar team in the tech and software space and the trustful relationship we’ve built, makes me highly confident, that we’ll be able to jointly deliver on our growth plans.”
Gunther Thies, Founding Partner of Maguar, said: “We are very excited to enter into this partnership with Oliver Krizek and the NAVAX team. We have been deeply impressed by its continued history of success, its ability to innovate, and its customer orientation. We are very confident that we’ll be able to support NAVAX in reaching the next growth stage and further strengthening its financial profile.”
Arno Poschik, Founding Partner of Maguar, added: “We are very happy to back a well-run company and a strong and entrepreneurial founder, Oliver Krizek, in a true partnership. We strongly believe in the future revenue potential of NAVAX and the NAVAX team’s ability to maintain delivering value-adding and superior tech solutions to its customers.”
Matthias Ick, the third Founding Partner of Maguar, concluded: “Our investment in NAVAX is a testament to our investment strategy to partner with founders of high growth software and tech companies in the DACH region. We are looking forward to further strengthening NAVAX growth, driven by its exceptional customer satisfaction in a highly dynamic market and further expanding its reach beyond Austria.”
Maguar was advised by Code & Co, Deloitte, DLA Piper, goetzpartners, Lupp + Partner and Milbank on this transaction. The financing has been provided by Kartesia.