Maguar Capital (“Maguar”) is pleased to announce the final Closing of its inaugural fund, Maguar 1 (“the Fund”), at the hard cap of EUR 104 million.
Despite challenging market conditions over the last months, the Maguar 1 fund was significantly oversubscribed with commitments from leading European and US based institutional investors such as Aberdeen Standard Investments[, Adams Street and the European Investment Fund], various family offices as well as a significant GP team commitment. [Maguar attracted significant more demand than it could accept].
Founded in 2019 by the software entrepreneurs Gunther Thies and Matthias Ick, as well as the private equity investor Arno Poschik, Maguar exclusively invests into small cap software companies in the DACH region. It focuses on profitable and founder-run businesses that the Maguar team can support accelerating its growth path due to its own long-term operational software experience as CEOs and founders.
Maguar’s has already successfully completed two high quality investments, which will build the cornerstones of the Fund: in September 2020, Maguar acquired HRworks, a strongly growing SME focussed HR software business based in Freiburg from the founder; in addition, Maguar lately completed an investment into STP Informationstechnologie, the leading German legal tech business based in Karlsruhe, jointly with another PE firm.
“[We are very grateful that we were able to raise a first time fund in these difficult times and could win a high-profile group of investors to support us]” says Matthias Ick. Gunther Thies adding: “[It was great to see during fundraising that our model works – a very clear and focussed investment strategy paired with our complementary team set up based on our passion for technology; this gives us a differentiated positioning and credibility when it comes to partnering with founders and management teams].” Arno Poschik concluding: [“The acquisition of HRworks during fundraising was extremely helpful to attract interest of LPs and proved that we deliver on what we promise: investing in high quality small cap software companies and support them to reach the next level of performance. Our goal is to become the best software investor in the small cap segment in the DACH region”].
[Marc Nicolson, Head of Primary Investments Aberdeen Standard Investments commented: “XXX].
Clifford Chance Deutschland LLP, Munich served as legal counsel and RDT Dautel acted as tax advisor for Maguar.
About Maguar
Maguar Capital, 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 segments with EBITDA normally in the range of EUR 1-6m in the DACH region. Maguar differentiate 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.
For further information, please contact:
Arno Poschik, Founding Partner Maguar, ap@maguar.com,
www.maguar.com