Maguar Capital announces sale of its stake in stp.one to Hg-backed Septeo – Third successful exit for Fund I 

Maguar Capital (“Maguar”), a leading B2B software investor in the DACH region, today announced that it has agreed together with BU Bregal Unternehmerkapital (“BU”), to sell its stake in stp.one, a leading European legal tech platform, to Septeo, a legal tech platform backed by Hg. The transaction marks the third successful realization from Maguar Fund I.

stp.one was founded in 1993 by Gunther Thies, one of Maguar’s founding partners, who ran it for 23 years as CEO and built it into the insolvency law software vendor in Germany.

Maguar originally acquired a minority stake in stp.one, headquartered in Karlsruhe, Germany, alongside lead investor BU in March 2021. At the time of the acquisition, stp.one was a well-established insolvency law software vendor in Germany. Since then, the company has transformed into a pan-European Legal Tech leader, offering a comprehensive suite of solutions for insolvency law firms, law firms, and corporate legal and risk management teams.

This transformation was driven by a focused strategy of organic growth and nine strategic acquisitions across Europe, resulting in a highly synergistic and scalable SaaS platform with a strong footprint in DACH, BeNeLux, Central & Eastern Europe, and the Nordics. Today, stp.one employs over 400 professionals across 12 locations and serves more than 8,000 clients, including law firms, insolvency administrators, and corporate legal departments.

The sale of stp.one demonstrates Maguar’s ability to support management teams as a sparring partner in driving operational excellence and international expansion. Over the course of the partnership, Maguar actively contributed to the company’s transition from a niche insolvency software specialist into a leading multi-vertical Legal Tech platform with strong recurring revenues, a modern cloud and AI-enabled product suite, and an expanded European presence.

“stp.one is a perfect example of how Maguar partners with exceptional management teams and entrepreneurs to help them reach the next level,” said Gunther Thies, Founding Partner at Maguar Capital. “Together with BU and CEO Oliver Bendig, we have supported stp.one in its journey from a national insolvency software provider to a European Legal Tech champion. We are proud of the transformation achieved and confident that Septeo and Hg are the right partners to continue this impressive growth trajectory.”

About stp.one

Founded by Gunther Thies, one of Maguar’s Founding Partners, stp.one is a leading European provider of legal technology software, offering integrated solutions for insolvency practitioners, law firms, and corporate legal departments. With a strong focus on workflow automation, cloud transformation, and AI, the company enables legal professionals to work more efficiently, connected, and intelligently. Headquartered in Karlsruhe, Germany, stp.one operates across Europe and serves more than 8,000 clients.

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.
www.maguar.com