Maguar Capital announces sale of its stake in Ingentis to Carlyle – Second successful exit for Fund I
Munich, Germany – 5 August 2025 – Maguar Capital (“Maguar”), a leading B2B software investor in the DACH region, today announced that it has agreed to sell its stake in Ingentis Group (“Ingentis”) to global investment firm Carlyle (NASDAQ: CG). As part of the transaction, the existing Ingentis management team are substantially reinvesting and will continue to lead the company. The transaction marks the second successful realization from Maguar Fund I.
Maguar invested in Ingentis in August 2021, acquiring the company from its founders, who remained substantially reinvested throughout the holding period. At the time of the acquisition, Maguar acquired an exceptional founder-led company with a unique software product – a strong foundation to jointly develop the business further over the following years. Headquartered in Nuremberg, Germany, Ingentis provides organisational charting, design and analytics software that enables enterprises to visualise, analyse, and optimise workforce and organisational structures.
The transaction demonstrates Maguar’s ability to create value by supporting management teams and founders as a sparring partner in driving operational improvement, SaaS transformation and international expansion. Over the course of the partnership, Ingentis successfully transitioned from a founder-led business into an internationally established and fast-growing SaaS organisation. The company delivered consistent double-digit revenue growth, significantly increased its share of recurring SaaS revenues, expanded internationally with a dedicated presence in North America, and enhanced its product offering as well as global partner ecosystem. Today, Ingentis’ products are used by 2,000 customers and hundreds of blue-chip enterprises worldwide, including many Fortune 500 and DAX-listed companies. The company is active in more than 50 countries.
Arno Poschik, Matthias Ick and Gunther Thies, Founding Partners at Maguar commented: “It has been a privilege for Maguar to support the Ingentis team over the past years. Ingentis exemplifies what we strive for at Maguar – partnering with outstanding founder-led software businesses and helping them reach the next level. We are confident that Carlyle is the right partner for the next phase of the company’s international growth. We thank both the current management team as well as the founders of Ingentis for the successful partnership and cooperation over the last years.”
Joachim Rotzinger, CEO of Ingentis, added: “We are incredibly proud of what we’ve achieved in building Ingentis into a leading platform for organizational performance. This success is the achievement of our outstanding team, strong company culture and great product offering for our customers. With Maguar’s backing, we transitioned from a founder-led organization to a successfully scaling software company. I would like to thank the Maguar team for their excellent support and partnership over the last few years. We look forward to entering our next growth chapter with Carlyle now.”
Maguar and Ingentis were advised by Robert W. Baird & Co, Deloitte, OC&C, valantic, LUPP + PARTNER, and AC Christes.
About Ingentis
Ingentis is a leading provider of org charting, org design, and org analytics software that empowers organizations to continuously improve their effectiveness and performance. The company’s solutions help enterprises visualize, analyze, and optimize their organizational and workforce structures, enabling better strategic decisions. Ingentis serves more than 2,000 renowned organizations worldwide, including hundreds of blue-chip enterprises. Headquartered in Nuremberg, Germany, Ingentis also operates offices in the US. For more information, visit www.ingentis.com.
About Maguar
Headquartered in Munich, Germany, Maguar was founded in 2019 by Matthias Ick, Gunther Thies, and Arno Poschik. Maguar focuses on investments in small and medium-sized B2B software companies primarily in the DACH region. The Maguar team possesses strong entrepreneurial and extensive management experience in the software and tech industry, with more than 40 years of experience as software CEOs and over 30 years in the private equity industry.
For more information, please contact:
Viviane Paßreiter
Mail: info@maguar.com
www.maguar.com
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