Kartesia completes first KSO I transaction in Austria with investment in Navax

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has provided a Unitranche financing facility to support Maguar Capital Partners’ and Oliver Krizek’s investment in Navax Consulting (Navax).

Founded by Krizek in 1995 and based in Vienna, Austria, NAVAX is a leading Software and IT Services Provider that supports customers across the DACH region in optimising and digitalising their processes through solutions from the Microsoft Dynamics software suite and individual software solutions, including HENRI, a proprietary software targeted at the Financial Services and leasing industries.

Maguar Capital Partners (Maguar), based in Munich, Germany, focuses on B2B software investments in the small cap segment in DACH. It entered into a partnership with Oliver Krizek, who will remain in the business as shareholder and CEO.

Kartesia has supported the new partnership with a Unitranche facility and a committed capex line, which will be used to finance the transaction and support the business with its future growth plans. The capital for this investment comes from Kartesia’s Senior Opportunities I (KSO I) fund and is the first for this strategy in Austria.   

Arno Poschik, Founding Partner at Maguar, says: “Navax is a well-run company, led by an entrepreneurial founder and now backed by Maguar, a dedicated software investor. We are excited about the future growth potential of the company and we are delighted to have secured a flexible financing partner like Kartesia, who understood the growth potential from the start and who were able to complete the financing in a speedy and collaborative manner.” 

Giuseppe Mirante, Senior Advisor at Kartesia, adds: “We are delighted to close our first deal for the senior debt strategy in Austria, reflecting the strong origination network Kartesia has built across Europe since its inception. Maguar is an experienced investor in the DACH software market and Navax has a proven track record of delivering proprietary solutions for its customers, giving us full confidence to support this partnership. We look forward to working with Maguar, Oliver and the management team as Navax continues to expand in its target markets.” 

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