Shearman & Sterling advised funds advised by Pinova Capital on the financing of the acquisition of Sematell GmbH, a leading AI-based response management software provider.

Sematell is the leading specialist in AI-based response management software for text-based customer service in the German-speaking region. The company was founded in 2000 in Saarbrücken as a spin-off of the German Research Centre for Artificial Intelligence, one of the world’s leading research institutions in the field of artificial intelligence. With PINOVA’s investment, the company is entering its next growth phase. Based in Munich, the independent private equity firm PINOVA invests in high-growth technology companies in the German-speaking region.

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 regularly advised PINOVA Capital on financing matters, including the acquisition financing for Utimaco, Human Solutions, Deurowood, WEETECH and Sauter-Federn and WMD Group.