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HRworks, a portfolio company of Maguar Capital, enhances its HR suite by acquiring Bonrepublic, a leading Austrian talent management software platform

Munich, Germany – Maguar Capital, the German software investor with focus on the DACH region, is pleased to announce that its portfolio company HRworks has successfully acquired Bonrepublic, a leading provider of talent management software solutions.

Founded in 2020 by Jakob Feigl and Vladimir Kim in Vienna, Austria, Bonrepublic has become a leading provider of talent and performance management software. Catering to SMEs, its platform delivers personalized performance evaluations, merges feedback with competency profiles, and pinpoints competency gaps. This enables HR managers and employees to effectively develop, motivate, and retain talent for sustained success.

Through the acquisition of Bonrepublic, HRworks continues to expand its position as the market-leading HR software provider for SMEs by further complementing its comprehensive all-in-one HR suite in the domains of talent and performance management. The acquisition of Bonrepublic represents HRworks‘ strategic entry into the Austrian market, highlighting its commitment to expanding throughout the DACH region.

Markus Schunk, CEO of HRworks says: „HRworks offers an extremely comprehensive overall solution for digital personnel management in the German SME sector. I am exceptionally pleased that Bonrepublic now strategically completes our HR functionalities. This continuously increases the value for our customers – and continues to do so with deep HR expertise and the best price-performance ratio in the country.”

Jakob Feigl, CEO of Bonrepublic says: “Retaining talent is a priority. What connects us with HRworks, besides a very similar vision, is the positive corporate culture and the passion for HR technology, helping companies to reach the next performance levels. Together, we will expand our product portfolio even faster and strengthen our market position in the German-speaking region. The platform can, of course, continue to be used independently and the existing integrations will naturally remain in place.”

Following the acquisition of DriversCheck in 2022, Bonrepublic is HRworks‘ second add-on investment. HRworks and Maguar Capital intend to continue this successful investment strategy by providing additional capital for further add-on transactions.

The transaction was advised by Herbst Kinsky, KPMG, Code&Co and Blomstein. The shareholders of Bonrepublic were advised by Schindler Attorneys.

About HRworks

HRworks, founded in 1998, is an integrated Software-as-a-Service (SaaS) HCM software provider primarily for small- and medium-sized businesses in Germany. The Company focuses on business-critical HR functions such as time management, travel expenses, personnel management, recruiting and corporate benefits. For 25 years, HRworks has delivered uninterrupted profitable growth and currently serves c. 2,700 customers. The Company runs a highly scalable technology platform and employs c. 170 employees located in its four offices across Germany.

About Maguar Capital

Headquartered in Munich, Germany, Maguar Capital was founded in 2019 by Matthias Ick, Gunther Thies and Arno Poschik. Maguar focuses on investments in small and medium-sized B2B software companies in the DACH region. The Maguar team has strong entrepreneurial and extensive management experience in the technology industry, with more than 35 years of experience as software CEOs and more than 20 years of experience in the private equity industry. Recent investments in related areas such as HRworks, Effectory and Ingentis have helped to build a deep understanding of relevant and repeatable value creation themes.

For more information, please contact:
Arno Poschik

Maguar Capital – Founding Partner
Mail: ap@maguar.com
Homepage: www.maguar.com

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