Few software markets combine regulatory complexity, mission-critical workflows, and digital transformation as directly as LegalTech. That’s exactly why stp.one stood out to us from an early stage. When Maguar invested alongside Bregal Unternehmerkapital in 2021, STP—with around 1,800 customers and approximately 200 employees—was already an established market leader in insolvency software and, at the same time, an ideal platform for the next phase of growth. Its solutions were deeply embedded in the daily workflows of legal professionals, customer relationships were exceptionally strong, and the potential beyond its core business was clear.
The company’s history made the opportunity even more compelling. STP was founded in 1993 by Gunther Thies and his partner. Over more than two decades as CEO, Gunther Thies built the business into Germany’s leading provider of insolvency law software. For Maguar, this created a unique foundation: deep sector expertise, first-hand operational experience, and a partnership built from day one on a shared understanding of the product, the market, and customer needs.
Over the course of our partnership, that foundation was systematically expanded. Through organic growth, seven strategic acquisitions, and the development of a scalable SaaS platform incorporating cloud and AI capabilities, stp.one evolved from a German niche provider into a pan-European LegalTech platform. Building on its leadership in insolvency software, the company gradually expanded into a comprehensive software suite serving law firms, in-house legal departments, and corporate legal teams across Europe.
