Herbst Kinsky has advised Maguar Capital Partners, a German private equity fund focussing on B2B software investments in the DACH region, on entering into a strategic partnership with TimeTac, a leading provider of software solutions for digital time recording based in Graz.

Maguar Capital, a private equity fund founded in 2019 by Gunther Thies, Matthias Ick and Arno Poschik and headquartered in Munich, focuses on investments in medium-sized B2B software companies in the DACH region. The Maguar team has strong entrepreneurial and extensive management experience in the technology industry, with more than 35 years of experience as software CEOs and more than 20 years of experience in the private equity industry.

TimeTac was founded in Graz in 2009 and has since established itself as a leading software provider in the HR tech sector, particularly in the field of digital time recording. TimeTac offers a comprehensive cloud-native software solution for digital time and absence recording. The company serves a broad SME customer base of more than 3,800 customers in the DACH region and currently employs around 70 people.

Herbst Kinsky´s team was led by Christoph Wildmoser and Alexander Lotz (both Corporate/M&A/Private Equity) with support from Elisabeth Fitzek (Corporate/M&A/Private Equity), Anna Diensthuber, Julia Hubmayer (both Employment), Sonja Hebenstreit, Michael Cepic, Maximilian Kröpfl (all IP/IT/Data Protection) and Valerie Mayer (FDI).