Markus Schunk joins Maguar Capital Partners as Partner

We are pleased to announce that Markus Schunk, the current CEO at HR WORKS, will join Maguar Capital Partners as a Partner, effective 1 January 2025

Since the investment of Maguar in 2020, Markus has been leading HR WORKS as CEO. The company has become a market leading HR-software provider for the German SMB market. Today, HR WORKS is well positioned in the market providing a comprehensive all-in-one product solution together with a best-in-class service offering.

During that time, strategic partnerships with the leading payroll providers DATEV and ADDISON (Wolters Kluwer) have been successfully established.

Together with Maguar, two acquisitions have been made in the last two years, DriversCheck and Bonrepublic, which extended the product portfolio of HR WORKS. Further to that, setting up a Continuation Fund for HR WORKS last year marks a cornerstone for the future success of the company and for Maguar.

“I am very happy to continue working closely together with the Maguar team. I’m looking forward to helping Maguar to further develop the very successful investment strategy and to bring the portfolio to the next level“

„Markus brings deep software expertise to the Maguar team and has proven himself as a strong operator as CEO. Both are highly relevant for Maguar to continuously differentiate ourselves in the market and position us as the best partner for small and mid-cap founder owned software companies in the DACH region. Markus will be a key contributor to take Maguar the next level and add significant value to our portfolio companies. During his time at HR WORKS as CEO, Markus has taken the company from a EUR 10 Mio. to a EUR 40 Mio. revenue business within 4 years, but more importantly, he has managed to build a great corporate culture based on trust, transparency, positive thinking and excellence. We are highly excited about working with Markus in the future and wish him all the best in his new role”, the Maguar founders Matthias Ick, Gunther Thies and Arno Poschik commented.

Congratulations to Markus and a warm welcome to Maguar!