Maguar Capital bolsters investment team with two new hires

The firm is looking to strengthen its team with these two hires as it grows its debut fund and aims to become the go-to firm for B2B small- and mid-cap software deals in the DACH region, founding Partner Matthias Ick told Unquote.

Prior to joining the firm, Walleter expanded and managed a portfolio of B2B software companies at FORUM family office since 2020, according to the GP’s website. Previously, he gained experience in tech start-ups as well as in venture capital and private equity, according to his LinkedIn profile.

“Walleter joined the team in the associate level and is ready to go given his prior experience in our target market,” Ick said.

Johannes Losbichler, Investment Director at Maguar Capital

Munich-headquartered Maguar had already made two more hires earlier this year, that of Investment Director Johannes Losbichler in August and Benedikt Bosshammer as investment manager in May. Losbichler joined the firm from Triton Partners, where he primarily focused on investments within the Industrial Tech space, and at the Boston Consulting Group.

Maguar is looking to further grow its team, said Ick, which has now grown to a team of nine, including investment professionals and a fund controller. It had a team of six as of May 2021, when it held a final close for its debut fund Maguar I, oversubscribed at its EUR 104m hard cap, according to Unquote Data.

The fund has a sole focus on small-cap B2B software deals, targeting profitable founder-led businesses with EBITDA of EUR 1m- EUR 6m and it plans to make five to eight deals during its investment period deploying capital in equity tickets of around EUR 10m-EUR 20m, according to Unquote Data.

The investment vehicle has now five companies in its portfolio including its latest investments in July 2021, namely Effectory, a provider of continuous employee listening software, and Ingentis, a provider of HR Tech and workflow management software, according to announcements from Maguar. AshGrove Capital provided the acquisition financing and a co-investment for Effectory, while EMZ Partners acted as financing partner and co-investor to Maguar and Ingentis’ founders.

Also in July 2021, Maguar invested in NAVAX Consulting, a Vienna-headquartered software and IT services provider with financing provided by Kartesia, according to an announcement. Its first two investments, namely HRWorks and STP Group, were completed with additional backing from Aberdeen Standard Investments, EMZ Partners, Golding Capital Partners and LFPE.

Maguar was founded in 2019 by Arno Poschik, Gunther Thies and Matthias Ick. Thies and Ick have prior experience as software entrepreneurs, while Poschik has held prior roles at firms include Hg and EQT.

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