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Dechert LLP advises Maguar Capital and affiliates on the sale of portfolio company HRworks Holding GmbH to a newly established continuation vehicle, Maguar Continuation Fund I, in one of the largest GP-led transactions in Germany this year. The successor fund Maguar Capital II and the management team of HRworks will invest in the Company alongside Maguar's first continuation fund, with a total equity funding of more than €235 million. The completion of the transaction is, among others, subject to cartel approval.
Maguar Capital is a leading B2B software investor in the DACH region, focusing on small and mid-cap investments. HRworks is a German-based HCM software provider for SMEs, offering integrated Software-as-a-Service (SaaS) solutions for business-critical HR...
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