Hg Munich partner departs after 10 years with sponsor

Gustav Hoejmark-Jensen
27 July 2023

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Stefan Margolis, a partner at Hg, has left the private equity firm, four sources familiar with the situation told this news service.

Based in the Munich office, Margolis left the company two to three months ago, two of the sources said.

The former partner's LinkedIn profile still lists the firm, which he joined in 2013 from Warburg Pincus, as his current place of employment. He was promoted to partner in 2020.

Margolis is also still on the board of Germany-based Serrala Group, a software business that Hg bought from Waterland in 2021, according to LinkedIn. Margolis led this transaction himself, according to two of the sources.

Serrala Group currently has a Likely-to-Exit (LTE)* score of 26 out of 100, mainly led by the level of other sponsor exits in the sector.

Margolis was also on the board of Transporeon, according to his LinkedIn profile. The company was acquired by US-listed IT group Trimble for EUR 1.9bn in December 2022, as reported, marking one of the largest transactions to date for Hg, according to Mergermarket data. Margolis worked on the transaction under managing partner Justin von Simson, one of the sources said.

The former partner also worked on the sale of Medifox Dan, which transacted for USD 1bn when US-based ResMed acquired it in June 2022, again under von Simson.

Hg declined to comment. Stefan Margolis did not respond to requests for comment.

*Mergermarket's LTE predictive analytics assign a score to sponsor-backed companies to help track and predict when an exit could occur through M&A, an IPO, a direct listing or a deSPAC transaction.