Munich, Germany, 12 August 2026 – Maguar Capital (“Maguar”), the German technology investor specializing in small and mid-sized B2B software companies, has entered into a partnership with the shareholders of Schlafender Hase GmbH (“Schlafender Hase”, the “Company”) to acquire a majority stake in the Company. As part of the transaction, Wieland Capital and one of the Company’s co-founders will significantly reinvest and support Schlafender Hase together with Maguar in its next phase of growth.
With its deterministic content verification software, Schlafender Hase enables leading pharmaceutical and medical device companies to reliably identify and eliminate the risk of critical errors in documents, packaging, artwork and labeling.
Since its founding in 2001, Schlafender Hase has established itself as one of the technologically leading specialists in pharma content and artwork verification. Its proprietary deterministic software is recognized as a quality leader in an industry where regulatory compliance and patient safety are of the highest priority.
With its main product TVT and connected modules, Schlafender Hase offers a comprehensive software solution that supports both established on-premise installations and modern cloud-based applications. The Company employs around 40 people and has more than two decades of experience in developing verification software for highly regulated industries.
Maguar’s engagement was mainly driven by Schlafender Hase’s long-standing customer relationships and exceptional customer feedback regarding the software as the “gold standard” for their regulatory workflows. In addition, increasing regulatory requirements, the growing complexity of global packaging and labeling processes, and the ongoing digitalization of regulatory workflows are driving long-term demand for powerful verification solutions.
Together with the existing shareholders and the management team, Maguar intends to leverage its software expertise to support the Company in its next phase of development. The focus will be on expanding the international go-to-market organization and supporting the development of the web-based platform. In parallel, the Company plans to expand into adjacent regulated industries.
Johannes Losbichler, Partner at Maguar Capital, said: “Schlafender Hase has built an outstanding market position over more than two decades in a technologically demanding and highly regulated environment. We were particularly impressed by the Company’s exceptional technology, deep domain expertise and long-standing customer relationships — a strong foundation for future growth.” Markus Schunk, Partner at Maguar Capital, added: “We look forward to working with the management team around André Cerbe and Constantin Dony, as well as the former shareholders, to shape the Company’s next phase of growth. We see significant potential to further strengthen its leading market position.”
Franck Godet, Partner at Wieland Capital, commented: “We are proud of what Schlafender Hase has achieved over the past years and are very pleased to remain significantly invested in the Company. With Maguar, we have found a partner who shares our partnership-oriented philosophy and long-term perspective for the Company and brings deep software expertise that will be instrumental in enabling the Company’s continued growth and international expansion.”
“We are pleased to embark on the next phase of Schlafender Hase’s development with Maguar as our partner,” says André Cerbe, CEO of Schlafender Hase. “Together, we will continue to invest in our technology, support our customers with first-class verification solutions, and build on the strong foundation we have established over the past two decades,” adds Constantin Dony, who is also a managing director of the company.
About Maguar Capital
Maguar Capital is a Munich-based technology investor specializing in B2B software. The Company invests in small and mid-sized software businesses in the DACH region and selected European markets and supports management teams in achieving sustainable growth. The Maguar team combines decades of experience as software entrepreneurs, CEOs and private equity investors and follows a long-term, partnership-driven investment approach.
About Schlafender Hase
Schlafender Hase is the company behind TVT, the content verification software trusted by health authorities and leading companies in industries where errors are not an option. TVT catches every change, discrepancy or deviation — no matter the format, layout, or language. So you can deliver documentation that’s accurate and compliant.
For more information, please contact:
Johannes Losbichler or Markus Schunk
Partner, Maguar Capital
Email: info@maguar.com