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Maguar Capital closes Fund 2 at hard cap of EUR 306 million

Maguar Capital Partners (“Maguar”) are pleased to announce the successful final Closing of Maguar Fund 2 (“Maguar 2” or the “Fund”), at the hard cap of EUR 306 million, significantly exceeding the EUR 250 million target. Maguar 2 is close to three times the size of Maguar’s first fund, Maguar 1, which was raised in 2021 at a volume of EUR 104 million. Maguar now manages three funds and has raised more than EUR 595 million over the last four years, including a Continuation Fund raised in 2023 to reinvest into HRworks.

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.

maguar.com/2024/02/29/maguar-capital-closes-fund-2-at-hard-cap-of-eur-306-million/

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