Maguar Capital

Matthias Meier and Michael Hinderer serve as Managing Partners and make all investment decisions jointly. Both are based in Munich and are the firm's sole equity partners, executing a consensus-based investment committee model without external investment committee members. Meier joined from Bregal Unternehmerkapital, while Hinderer's background includes EMH Partners, giving the pair deep local networks in the DACH mid-market.

The firm sources proprietary deal flow through the partners' personal networks, targeting founder succession situations and corporate carve-outs in German-speaking markets. By maintaining only a Munich office and conducting all origination in German, Maguar accesses family-owned software businesses that often resist broad auction processes run by London-based intermediaries.

Maguar targets majority buyouts of profitable B2B software companies in Germany, Austria, and Switzerland, deploying equity checks of €15–60 million. The firm invests across enterprise software, vertical applications, and industry-specific SaaS platforms, with confirmed activity in industrial technology, legal tech, and construction software through portfolio companies including COSMO CONSULT and trasdev.

Maguar operates as an independent private equity firm from a single Munich office, with both managing partners based exclusively there. The firm raised its first institutional commingled fund in 2022, transitioning from a deal-by-deal investment model, and resists expanding to additional offices — a deliberate choice that concentrates sourcing and portfolio management in the DACH region rather than pursuing a broader European platform.

Maguar invests exclusively through direct majority buyouts, not as a fund-of-funds or LP in other managers. The firm does not make minority co-investments alongside external GPs. All capital deployment occurs through controlled positions in portfolio companies where Maguar holds governance rights and drives operational value creation.

Maguar focuses entirely on B2B software and avoids consumer internet, hardware, life sciences, and non-software technology. Within software, the firm does not invest in pre-revenue or deeply unprofitable SaaS companies, concentrating instead on businesses with established recurring revenue streams and proven product-market fit.

The firm leads its own buyouts and controls governance, rarely co-investing alongside external general partners in minority positions. Maguar's model depends on majority ownership, which allows direct involvement in operational improvement, management team building, and strategic acquisitions — consistent with a control-oriented private equity approach rather than club-deal participation.