News

Novistra Capital advises Pacific BPO for the acquisition of Bergen Management

New York, October 2016 – Novistra Capital, a New York based boutique advisory, announced today that Pacific Global, Inc. has acquired Bergen Management, LLC. The transaction was structured as an asset purchase.

Pacific Global, Inc. is a subsidiary of Pacific BPO Pvt. Ltd., a Revenue Cycle Management Company with offices in the US and India. The company provides medical billing, coding and accounts receivable services to healthcare providers in the US. The company employs over 900 people across 4 offices. Bergen Management, LLC is a Teaneck, NJ, based Revenue Cycle Management Company, serving both hospitals and physician groups. The acquisition of Bergen will strengthen Pacific's client base and add onshore delivery capability.

Novistra acted as the financial advisor to Pacific BPO. 

Novistra Capital advises India Art Fair for a stake sale to MCH Group

New York, September 2016 –  Novistra Capital, a New York based boutique advisory, is pleased to announce that Seventh Plane Networks Pvt. Ltd, the holding Company of India Art Fair, has sold 60.3% of the shares to MCH Swiss Exhibitions (Basel) Ltd., a Company of MCH Group Ltd.

India Art Fair, founded in 2008, is South Asia`s leading platform for modern and contemporary art and a portal to the region`s cultural landscape. This transaction would benefit India Art Fair from MCH Group`s knowledge as an international leading exhibition organizer as well as its digital expertise.

The MCH Group is a leading international group of live-marketing companies with a comprehensive services network spanning the entire exhibition and event market. It creates effective and efficient marketing platforms in the form of internationally and nationally leading exhibitions. It also offers bespoke marketing solutions for successful participation in exhibitions and also for other corporate and public events of all kinds – all over the world. This transaction would help MCH Group enter a new geographic and market segment, pursuing its strategic aim to expand its range of services and to make its product portfolio more international.

Novistra Capital acted as the exclusive financial advisor to Seventh Plane Networks Pvt. Ltd for the transaction. 

 

Novistra Capital advises Global Revenue Cycle Partners for a majority exit to ACN Technologies

New York, March 2016 – Novistra Capital, a global financial services firm based in New York and New Delhi, is pleased to announce that its client, Global Revenue Cycle Partners, has sold a majority stake to ACN Technologies. Global Revenue Cycle Partners (“GRCP”) is a fast growing revenue cycle management Company based in Pittsburgh, PA and Bangalore, India. The Company provides medical billing, coding and collection services to healthcare providers in the US.

ACN Technologies, part of the ACN Infotech Group, is a global BPO and technology Company with offices in LA, NJ, Germany and India. ACN provides business proces outsourcing services to the entertainment, insurance, industrial and helthcare industries. In addtion, ACN has built a comprehensive document maangement technology product that is used by companies around the world. By combining forces with ACN, GRCP will be have the ability to leverage ACN’s strong network and presence in the US and Europe and expand its offering.

Novistra Capital advises Percos India Pvt. Ltd, a leading Dermatology focused pharmaceutical company, in the sale of its Vedaderm brand to Cipla

New Delhi, October 2015 – Novistra Capital, a New York based global financial services firm, announced today that Percos India Pvt. Ltd., one of India’s leading dermatology focused skin-care company, has sold its Vedaderm brand of cosmeceutical and chemical peel products to Cipla, India’s third largest drug-maker.

Percos India, founded by one of India’s top Dermatologists, Dr. V. K. Upadhyaya, is one of India’s leading dermatology focused skin care Company with its head office in New Delhi, India. Percos, over the years, has developed a strong brand in the doctor-prescribed and medical aesthetics dermatology market by developing a strong portfolio of products for treatment of skin disorders such as psoriasis, acne, wrinkles, aging of the skin, hyper-pigmentation and more.
 
Cipla is India’s third largest drug-maker that is engaged in the business of manufacturing, processing, promotion, marketing, sale and distribution of medicinal and pharmaceutical preparations of various kinds and nature for varying ailments and disorders. The Company is based out of Mumbai, India.

Novistra Capital advises Youth Ki Awaaz, a leading content portal, for securing capital from Quintillion Media

New Delhi, September 2015 – Novistra Capital, a New York based global financial services firm, announced today that Youth Ki Awaaz, a leading media platform, has raised capital from Raghav Bahl & Ritu Kapur led Quintillion Media.

Youth Ki Awaaz is a media platform for the youth to address some of the world's most pressing issues - through thoughtful opinions and reportage. The funds will be used by YouthKiAwaaz to expand its team and business model, while also boosting its technology.

Quintillion Media is India’s first truly diversified digital content company.  Quintillion Media currently operates the digital content platform ‘The Quint’.

Launch of NovistraCoinmen LLP

New York, August 1st 2015:  Novistra Capital is pleased to announce the launch of NovistraCoinmen; an India based joint venture with Coinmen Consultants LLP. NovistraCoinmen is a full service financial services firm with a team of over 60 professionals, spread across 4 locations in the US, Hong Kong and India.

Novistra Capital is a New York based boutique advisory that provides investment-banking services to clients based primarily in the US and Asia. Novistra provides advisory services for mergers, acquisitions, debt syndication and private equity financing.  Novistra has deep expertise in a few chosen sectors including Healthcare, Business Process Outsourcing, Logistics, Technology, Financial Services and Media.

Coinmen Consultants LLP is a financial services firm that provides a wide range of services including Tax advisory, compliance and litigation support, accounting, assurance, corporate law, regulatory services and debt raising including overseas project funding and trade finance. .

“The JV will leverage the strengths of both organizations and provide an extended suite of services to our clients” said Nitin Garg, Partner at NovistraCoinmen. “By combining forces, we are offering a stronger value proposition to our clients and strengthening our global reach” added Ripun Jai Mehta, Partner at NovistraCoinmen.

Novistra Capital advises Max Neeman, a subsidiary of Max India, on its acquisition by JSS Medical Research, Canada

New York, June 2015 – Novistra Capital, a New York based boutique advisory, announced today that Max Neeman International, a subsidiary of Max India, was acquired by JSS Medical Research, Canada.

Max Neeman is a leading CRO in India with its head office in New Delhi, India. Additional regional offices are located in Ahmedabad, Bangalore, Chennai, Mumbai, and a US office in Raleigh, NC. The management team at Max Neeman will continue to remain with JSS and will assume new roles in the combined entity.

JSS Medical Research is the largest CRO in Montreal led by Dr. John Sampalis. The Company has recently made an acquisition in Latin America and continues to strengthen its presence around the world.

Novistra Capital advises Mynd Solutions Pvt. Ltd. for securing an investment from SIDBI Ventures

New Delhi, February 2015 – Novistra Capital, a New York based boutique advisory, announced today that Mynd Solutions Pvt. Ltd. has secured capital from Mumbai based private equity firm SIDBI Ventures. Novistra acted as the exclusive financial advisor to Mynd for this transaction. Mynd will use this investment to further enhance its technology portfolio and to grow organically in India and the emerging markets. The investment has been structured as a combination of equity and convertible debt.

Mynd is a leading technology and business process outsourcing service provider focused on Finance & Accounting and Human Resources. The Company is headquartered in Gurgaon, India with offices across 20+ cities in India and the emerging markets.

SIDBI Ventures is a subsidiary of the Small Industries Development Bank of India.  This investment has been made from SIDBI’s India Opportunities Fund that focuses on Small and Medium Enterprises (SMEs) in India. SIDBI Ventures’ Vice President, Mr. Mahendra Lodha, will join the board of Mynd.

Launch of the new brand – Novistra

New York, August 15th 2013: Novistra Capital, a boutique advisory and investment firm that works closely with entrepreneurs and management teams to provide capital and advisory services, announced the launch of its new brand and logo. Novistra has been spun out of Plutus Capital Partners, a New York based advisory providing investment banking services to clients across the US, India and Latin America.

As a part of the re-structuring, Ripun Jai Mehta, Managing Partner at Plutus, will now become the Managing Partner at Novistra Capital. Novistra will continue its presence in New York and India and focus on the services and sectors that were the core expertise at Plutus. For more information about Novistra Capital and its activities, please mail us at This email address is being protected from spambots. You need JavaScript enabled to view it. .

Mr. Mishra joins the Advisory team of Novistra Capital

New York, September 1st 2013: Novistra Capital, a boutique advisory and investment firm providing capital and advisory services to entrepreneurs and management teams announced the addition of Tilak Mishra to its management team. Mr. Mishra will join Novistra as Vice President and will be based at its office in New Delhi. Mr. Mishra is an experienced M&A banker and a VC portfolio manager with substantial experience in business valuation, financial modeling and due diligence. Previously he was an investment professional at IFMR’s Network Enterprises Fund where he oversaw investments in early stage companies in India. Subsequently advised several growth companies, specifically on cross border growth initiatives in India and the US. Mr. Mishra holds a postgraduate degree from the University of Pennsylvania where he attended The Wharton School of Business and School of Social Policy & Practice.

At Novistra, Mr. Mishra will be heading the India office and will be responsible for expanding Novsitra’s reach into new sectors such as Media and Entertainment along with strengthening its presence in the BPO and IT space. For more information about Novistra Capital and its activities, please mail us at This email address is being protected from spambots. You need JavaScript enabled to view it. .

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