Novistra Capital advises darwinLabs on its sale to BP3 (backed by Horizon Capital)
Lisbon, December 2023

Novistra Capital, a New York and London headquartered M&A advisory, is pleased to announce that darwinLabs, a leading OutSystems partner, has been acquired by BP3, a leading business process automation solutions provider.

Headquartered in Lisbon, Portugal, darwinLabs is a provider of high-performance low-code digital transformation services on the OutSystems platform.

BP3 is a leading business process automation solutions provider, delivering next-generation technology solutions across a broad range of industries.

Pedro Santos, Founder of darwinLabs, commented: “The Novistra team were essential in finding a right fit for darwinLabs and in making sure that the process went smoothly and that it was a good deal. I would not have managed without their help.”

Ash Mittel, Managing Director at Novistra Capital commented: “We are delighted to have advised darwinLabs on its sale to BP3. Both companies share tremendous synergies, and we wish Pedro and his management team every success in their exciting new journey. This deal marks Novistra’s fifth low code transaction, highlighting both our pedigree within this market as well as the continued high demand for businesses offering low-code services. We expect low code to continue to disrupt the traditional IT services industry in the short to mid-term future.

Novistra is an M&A and PE advisory with offices in the UK, US, and India. Novistra provides complete end-to-end transaction support to companies looking to maximize shareholder value through mergers, acquisitions, and private equity financing. Novistra has deep expertise in sectors including IT/ ITES, Healthcare, Education and Events.

Please contact the Novistra DX team to find out more:  

Ash Mittel
Managing Director
Ripun Jai Mehta
Managing Partner
Pankaj Arora
Managing Director
Tushar Chidamber
Kirti Verma