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.
