Goodwin Advises Maguar on the Acquisition of Carousel Digital Signage by Navori Labs
Goodwin advised Maguar Capital (“Maguar”) and its portfolio company Navori Labs (“Navori”) in connection with the financing of the completed acquisition of Carousel Digital Signage (“Carousel”) from Tightrope Media Systems, Inc.
The acquisition expands Navori Labs’ presence in North America and broadens its reach across education, government, and corporate communications. The transaction marks a further step in the group’s global buy-and-build strategy and follows its acquisition of UK-based digital signage provider Signagelive in 2025.
Founded in 1998, Navori is a Swiss innovator and global leader in digital signage software. Supported by a team of highly qualified engineers, Navori Labs develops professional-grade software designed for scalable deployment, optimizing business communication across industries and delivering effective, impactful messaging to audiences worldwide.
Carousel is a Minneapolis-based provider of cloud-based digital signage CMS software. Founded in 1997, Carousel serves more than 1,100 customers across higher education, K-12, government and corporate communications, selling both directly and through a network of channel partners. Carousel stands out for its ease of use, decentralized content creation with central governance, integrated emergency messaging, distinguished customer support and broad hardware compatibility, including native Apple TV support.
Headquartered in Munich, Germany, Maguar focuses on investments in small and medium-sized B2B software companies primarily in the DACH region. The Maguar team has strong entrepreneurial and extensive management experience in the technology industry, with more than 40 years of experience as software CEOs and over 30 years in the private equity industry.
The Goodwin deal team consisted of Winfried Carli and Marius Garnatz Maskus (both Private Equity/Finance, Munich).