Maguar Capital sells stake in Ingentis to Carlyle

Maguar Capital, an investment firm specializing in B2B software with a focus on the DACH region, announces the sale of its stake in Ingentis Group to the global investment firm Carlyle (NASDAQ: CG). The transaction marks the second successful exit from Maguar Fund I.

With Maguar, we have successfully completed the transition from a founder-led company to an internationally scaling SaaS provider.

Joachim Rotzinger, CEO of Ingentis

The Ingentis management team will be substantially re-invested as part of the sale and will continue to lead the company.

Growth partner for SaaS transformation and internationalization

Maguar acquired a majority stake in Ingentis from the founders in August 2021, who retained a significant stake. In the joint partnership, Maguar supported the development of Ingentis into a scaling, internationally active SaaS platform.

Ingentis, headquartered in Nuremberg, offers software solutions for organizational charting, organizational design and analysis. These help companies to visualize, analyse and strategically develop their organizational structures.

During the holding period, Ingentis:

• achieve double-digit revenue growth,
• significantly increase the share of recurring SaaS revenues,
• expand its international presence (including North America),
• and expand its product range and partner network.

Over 2,000 customers currently use the software, including many Fortune 500 and DAX companies in over 50 countries.

Ingentis embodies what we are looking for at Maguar: a strong founding team, an excellent product and great growth potential. We thank the team for the trustful cooperation and are convinced that Carlyle is the ideal partner for the next chapter.

Arno Poschik, Matthias Ick and Gunther Thies, founding partners of Maguar

Carlyle continues to be active in the DACH region

Carlyle is no stranger to the Startbase. We reported on the acquisition of a majority stake in GBTEC from Main Capital Partners at the end of 2023, as well as its involvement in a $100 million round for Shopware at the beginning of 2022. The question is what long-term plan Carlyle is pursuing in the DACH region and what synergy effects could result from the portfolio.