Maguar Capital Partners (Maguar) has held the final closing of its debut fund, Maguar I, at its EUR104 million hard cap.

Despite challenging market conditions, the Maguar 1 fund attracted significantly more demand than it could accept, and was oversubscribed with commitments from leading European and US-based institutional investors, such as Aberdeen Standard Investments, Adams Street, Commonfund, Bregal, Golding or the European Investment Fund (EIF), various family offices as well as a significant GP team commitment.

Founded by the software entrepreneurs Gunther Thies and Matthias Ick, as well as the private equity investor Arno Poschik, Maguar exclusively invests in small cap software companies in the DACH region. It focuses on supporting profitable, growing, and founder-run businesses, by leveraging the Maguar team’s own long-term experience as CEOs, founders and investors in the sector.

Maguar has already successfully completed two high-quality investments, which are the cornerstones of the Fund: in September 2020, Maguar acquired HRworks, a growing SME-focussed HR software business based in Freiburg. In addition, Maguar, jointly with another PE firm, recently completed an investment into STP Informationstechnologie, a leading German legal tech business based in Karlsruhe.

Read more/Source: Private Equity Wire