Maguar Capital in exclusive talks to buy HR Works – report
Newly established Germany-based GP Maguar Capital has entered into exclusive negotiations to acquire Freiburg-headquartered software company HR Works, according to a report from Unquote sister publication Mergermarket.
Founded in 2019, Maguar specialises in software investments and is headed by former Hg executive Arno Poschik, along with Gunther Thies, who is the CEO of Hg portfolio company STP.
The company has been marketed based on EBITDA of €7m, according to the report. HR Works provides a cloud-based software platform to manage HR and recruitment.
Unquote sister publication Debtwire reported that Deloitte is advising Maguar on a €20-25m debt raise to back the buyout.
Click here to read the full report on Mergermarket.
More on Investments
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Evoco expects portfolio acquisitions, assesses potential exits in 2H23
Switzerland-headquartered GP is currently deploying equity via its EUR 162m Evoco TSE III fund
Turning the tables – an M&A downturn means investment banks are now targets themselves
Some dealmakers with healthy balance sheets and willingness to go countercyclical are pursing acquisitions
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds