# Maguar Capital

Maguar Capital is a Private Equity based in Munich, Germany.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Munich, Germany
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** maguar.com
- **LinkedIn:** https://linkedin.com/company/maguar-capital

## Regulatory record

- **Reports private funds:** No

## About

Maguar Capital is a software investor and partner for founders of mid-sized B2B software firms. It invests transparently and values-based in small and medium-sized software companies mainly in the DACH region and adjacent markets. The firm applies proven value-creation levers and supports portfolio companies with AI transformation across product, sales, and organization.

## Sectors

- Enterprise Software

## People

- Matthias Meier — Managing Partner
- Michael Hinderer — Managing Partner

## Questions

### Who makes investment decisions at 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.

### How does Maguar source deals?

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.

### What type of companies does Maguar invest in?

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.

### How is Maguar Capital structured as a firm?

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.

### Does Maguar participate in fund commitments or only direct deals?

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.

### Which sectors does Maguar explicitly avoid?

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.

## Related profiles

- [Magris Performance Materials](https://altss.com/profile/magris-performance-materials)
- [Mahanusa Capital](https://altss.com/profile/mahanusa-capital)

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Last updated: 2026-08-11T15:07:19.634Z

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