Novistra Capital advises Virrtue on its acquisition of Virgate
London, May 2024
Novistra Capital is pleased to announce that Virrtue, a finance and accounting business process services company and a subsidiary of Access Healthcare, has successfully acquired Virgate, a UK-based tech-driven accounting services provider.

Virrtue delivers transformative, end-to-end accounting services to clients in diverse sectors including healthcare, property management, real estate, hospitality, and oil & gas across the United States. As a subsidiary of Access Healthcare, one of the largest independent providers of Revenue Cycle Management solutions to the US healthcare industry, Virrtue is well-positioned to leverage this acquisition to enhance its service offerings.

Headquartered in Gloucester, England, Virgate is a trusted partner to hospitality & retail, leisure & hotels, breweries & manufacturing and professional services businesses across the UK and Europe.

Arvind Perumbala, Senior Vice President, Virrtue said “Virgate sets itself apart with exceptional, end-to-end accounting services through workflow-driven technology platforms, enabling small, medium, and large businesses to focus on their core business. Virrtue’s strong technology platforms can help bring even more value to clients. I am excited to partner with Virgate to develop innovative offerings, continue to deliver exceptional services and to grow our footprint in the UK and Europe.”

Sarah Travell, Founder & CEO of Virgate said “Virgate perfectly fits Virrtue’s philosophy of continuous innovation. Leveraging our expertise and best practices, we’ve crafted effective solutions for our varied clients with advanced technology. Joining Virrtue will provide a tremendous boost to our capabilities at this stage of our journey.”

Anuj Jaisinghani, Associate Director at Novistra Capital commented: “We are delighted to leverage our extensive expertise in the finance and accounting sector to advise on this strategic acquisition. We believe this partnership will bring significant value to both Virrtue and Virgate, fostering innovation and growth. We wish both companies continued success on their journey ahead.”

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, Hospitality, Education and Events.

Ripun Jai Mehta
Managing Partner
Pankaj Arora
Managing Director

Anuj Jaisinghani
Associate Director