Shearman & Sterling advised PINOVA Capital on the financing of the acquisition of a majority stake in the WMD Group, an international software developer.
WMD Group, headquartered in Ahrensburg, Germany, is a certified partner of SAP that develops and implements integrated software solutions for digital work processes in the field of document management. With the change in shareholder structure, the company aims to continue the constant growth of recent years, especially in the international area. WMD Group is active in Europe, Asia and the U.S. through various subsidiaries.
PINOVA Capital is a Munich-based, independent investment firm focusing on equity capital investments in innovative mid-market companies with strong growth in the German-speaking area. Shearman & Sterling has regularly advised PINOVA Capital on financing matters, including the acquisition financing for Utimaco, Human Solutions, Deurowood, WEETECH and Sauter-Federn.