Novistra Capital is pleased to announce that it has acted as the exclusive financial advisor to PrivateBlok and its founders, Sachin Manchanda and Dimple Sadhwani, on the strategic acquisition of their team and platform capabilities by the AI product development function of KPMG LLP, a leading global professional services firm.

PrivateBlok built a differentiated, configurable multi-agent AI platform that transforms fragmented public and proprietary data into structured intelligence for private markets investors. The founders assembled an exceptional engineering team with deep expertise in agentic AI architecture, copilot systems, and enterprise-grade data integration — capabilities that are increasingly mission-critical as enterprises transition from AI experimentation to scaled production deployment.

Novistra structured and ran a highly bespoke process across a broad universe of strategic acquirers in AI, professional services, and enterprise technology. The process was anchored on a clear investment thesis positioning PrivateBlok’s platform as an activation engine within larger AI ecosystems. By creating competitive tension and maintaining disciplined execution throughout, Novistra delivered an outcome that reflects both the quality of the PrivateBlok team and the care taken in structuring the right result for all stakeholders.

As part of the transaction, the PrivateBlok founders and engineering team will join KPMG’s growing AI organization, expanding AI-native product offerings across its core platforms and enhancing KPMG’s multi-model artificial intelligence capabilities. This strategic move accelerates the build-out of production-ready, AI-first solutions for clients worldwide.

Sachin Manchanda, Co-founder and CEO at PrivateBlok, commented:

“As first-time founders going through an acquisition, having Novistra in our corner gave us confidence throughout the process. Peter and his team were strategic, thoughtful, and always had our best interests in mind. Their deep understanding of the AI and technology landscape, combined with hands-on deal execution, made all the difference. We wouldn’t have achieved this outcome without their expertise.”

Peter X. Li, Managing Director at Novistra Capital, said:

“We are delighted to have supported Sachin, Dimple, and the entire PrivateBlok team in this strategic integration with KPMG. As organizations pivot from experimentation to production-ready AI systems, high-caliber engineering talent and agent-native architectures are becoming central to enterprise value creation. This transaction reflects the growing importance of agentic artificial intelligence and the premium placed on purpose-built AI infrastructure within global platforms.”

About PrivateBlok

PrivateBlok is recognized as a developer of configurable multi-agent systems that integrate public and proprietary data into secure knowledge bases with AI-powered copilot capabilities, enabling corporations to improve efficiency, generate deeper insights, and make smarter decisions across the investment lifecycle.

About KPMG LLP

KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing Audit, Tax, and Advisory services. With a presence in more than 130 countries and territories and hundreds of thousands of professionals worldwide, KPMG serves clients across industries, helping them navigate risk, innovation, and transformation.

About Novistra Capital

Novistra Capital is a boutique investment bank with offices in New York, London, Dubai, New Delhi, and Bangalore. The firm provides M&A advisory, capital raising, and strategic advisory services with deep expertise across Tech & Services, Education, Financial Institutions, Healthcare, Media & Events, and Hospitality.