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DGKV Advises Integral Venture Partners-Led Consortium on Acquisition of 76% Stake in Sirma AI

DGKV Advises Integral Venture Partners-Led Consortium on Acquisition of 76% Stake in Sirma AI

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Djingov, Gouginski, Kyutchukov & Velichkov has advised a consortium of investors led by Integral Venture Partners on the acquisition of a 76% stake in Sirma AI, trading as Ontotext. Popov, Arnaudov and Partners reportedly advised Sirma Group Holding, Sirma Solutions, and Ontotext on the sale.

Integral is a private equity and growth fund with a focus on Central and Eastern Europe. The other investors included PortfoLion Capital Partners, the venture capital and private equity arm of OTP Bank, and Carpathian Partners, a London-based technology-centric investment firm.

According to DGKV, “Ontotext is an enterprise software and semantic technology company best known for its GraphDB solution, offering a database engine for big knowledge graphs and a platform for text and data analytics. The acquisition includes growth capital investment and the partial buy-out of existing shareholders. The transaction’s value is over EUR 30 million.”

DGKV’s team included Partner Georgi Tzvetkov and Counsel Valentin Bojilov.

Editor's Note: After this article was published, Popov, Arnaudov and Partners confirmed it had advised the sellers.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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