shyftplan, a leading workforce management software solution, was founded in 2012 by Jan-Martin Josten and John Nitschke. The company’s cloud-native offering is designed to meet the complex needs and advanced requirements of its primarily manufacturing customers, ranging from blue-chip enterprises to typical German ‚Mittelstand‘ companies. The acquisition of high-profile customers such as Siemens Energy, ZF, Krones, Mercedes-Benz, and Bosch has been instrumental in building and strengthening the existing relevance in the industrial sector. By integrating data from production planning, HR systems (e.g. absence and time management, employee qualifications), and employee preferences, shyftplan facilitates the ongoing digitalisation of the shop floor and enhances workforce autonomy. With more than 50 dedicated employees at its Berlin headquarters, shyftplan is well positioned to address sustained societal trends such as skilled labor shortage and the need for operational efficiency, while improving employee satisfaction. At the core of Maguar’s strategy, the investment will focus on further accelerating shyftplan’s organic growth and fueling the company’s ambition to become the leading workforce management software provider for the German industrial sector.

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 in the DACH region. The Maguar team possesses strong entrepreneurial and extensive management experience in the technology industry, with more than 35 years of experience as software CEOs and over 20 years in the private equity industry. Recent investments in related areas such as HRworks, TimeTac, and Ingentis have fostered a deep understanding of relevant and repeatable value creation themes as well as shyftplan’s customer base.

Jan-Martin Josten, founder and Co-CEO of shyftplan, said: „The partnership with Maguar is a significant milestone for us. This collaboration will leverage Maguar’s network and expertise to drive our strategic goals and increase the value of our platform to our manufacturing customers. Farhood Torabian, Co-CEO of shyftplan, added: „Maguar’s deep understanding of B2B SaaS and workforce management, along with their commitment to our vision, ensures a strong partnership. We are confident that this collaboration will help us drive innovation, expand our market reach and strengthen shyftplan’s leadership position in workforce management solutions“.

Matthias Ick, Co-Founder at Maguar, commented: „We are truly happy to welcome the entire shyftplan team to our growing family of portfolio companies. From day one, we have been deeply convinced of shyftplan’s differentiated product offering in a very attractive market segment. The solution enables its manufacturing customers to operate state-of-the-art shift models in an efficient way”. Johannes Losbichler, Partner at Maguar, continued: „We strongly believe in the need to optimise workforce management with dedicated software products to attract and retain top talent. Shyftplan’s solutions are highly valued by employees and ultimately drive efficiencies across the organisation. We back the management team’s work to identify new market opportunities, accelerate growth through go-to-market excellence and strengthen the company’s position as the trusted choice for leading manufacturing companies in Germany and beyond“.

The transaction was advised by OC&C, LUPP + PARTNER, KPMG, Deloitte and Valantic. The shareholders of shyftplan were advised by YPOG, Hengeler Mueller and Saxenhammer.

For more information, please contact:
Matthias Ick
Maguar – Founding Partner
Mail: mi@maguar.com
Homepage: www.maguar.com

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Maguar 2 received strong investor demand from its existing investors, who significantly increased their investment amounts and attracted commitments from a broad range of new investors including international pension funds, fund-of-funds, asset managers and family offices.

The Fund has already invested into two high quality software companies, namely HRworks and TimeTac. Maguar 2 employs the same strategy as Fund 1: partnering with and investing in small cap, profitable and growing software companies in the DACH region and helping them to become “regional and/or sector champions”.

Since inception in 2019, Maguar and its portfolio companies have completed 16 investments, comprising 6 platform transactions and 10 add-ons. Maguar continues to strengthen its team and is today a group of 13 highly complementary professionals and support staff. The firm plans to continue its team expansion to support the firm’s growth over the next years.

“We are happy and grateful, that we can now look back to a highly successful fundraise despite very challenging market conditions. We would like to thank both our long-term existing investors and also our new partners for their trust in us”, said Matthias Ick. Gunther Thies added: “We are ‘tech enthusiasts’ and highly convinced that our long-term expertise in software combined with our exclusive focus on B2B software investments make us a truly value-add partner for tech entrepreneurs. We remain focussed and disciplined in backing high-quality software companies and management teams that we can help reach the next level. Having successfully invested Fund 1 and seeing the strong value creation and current trading of the portfolio companies are important proof-points that the ‘Maguar model’ works”. Arno Poschik concluded: “Fund 2 is off to a good start with its two investments in HRworks and TimeTac; both are high quality assets and absolutely “sweet spot” deals. We are excited by the potential of our market and are looking forward to partnering with even more great software companies and tech entrepreneurs in the months and years to come”.

Asante Capital served as exclusive global placement agent. Clifford Chance Deutschland PmbB, Munich, acted as legal counsel and RDT Dr. Dautel as tax advisor for Maguar.

About Maguar
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 typically in the range of EUR 1-8 million located in the DACH region. Maguar differentiates itself by the entrepreneurial background and long-term management experience of its team in the tech industry. The team has more than 35 years CEO software experience and more than 20 years of private equity experience.

For further information, please contact:
Viviane Paßreiter
Maguar Capital – Legal Analyst
Mail: info@maguar.com
Homepage: www.maguar.com

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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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