February 2026
United States
Novistra Capital advises PrivateBlok on the strategic acquisition of its team by KPMG
Acquired by
Client
PrivateBlok
Deal Type
Sell Side M&A
Deal Team
Peter Li
Managing Director
Mohit Kamra
Associate
Client Description
PrivateBlok, co-founded by Sachin Manchanda and Dimple Sadhwani, is an agentic AI development platform that builds configurable multi-agent systems integrating public and proprietary data into secure enterprise knowledge environments, enabling organizations to deploy AI-powered copilots and multi-model solutions at scale.
Approach
PrivateBlok appointed Novistra as its exclusive financial advisor, running a targeted process across strategic acquirers in AI, data solutions, professional services, IT services, and product-driven technology platforms.
Outcome
The transaction resulted in KPMG welcoming PrivateBlok’s founders and employees, expanding its AI talent bench and accelerating native AI product development across platforms including KPMG Workbench, KPMG Clara, and KPMG Digital Gateway. The newly formed team will focus on developing AI-first products, enabling persistent services through software-based commercial models, and advancing client offerings.
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