Novistra Capital
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May 2024

United States, India & United Kingdom

Novistra Capital advised Virrtue on its strategic acquisition of UK-based finance platform Virgate

Client

Virrtue

Deal Type

Buy-Side M&A

Deal Team

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Ripun Jai Mehta

Managing Partner

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Pankaj Arora

Managing Director

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Anuj Jaisinghani

Associate Director

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Mohit Kamra

Associate

Client Description

Virrtue is a finance and accounting business process services company, and a wholly owned subsidiary of Access Healthcare—one of the largest independent providers of revenue cycle management solutions to the US healthcare industry. Virrtue delivers end-to-end accounting solutions to clients across healthcare, real estate, hospitality, oil & gas, and other sectors in the United States.

Virgate, headquartered in Gloucester, England, is a tech-driven accounting services firm supporting clients across hospitality & retail, leisure & hotels, breweries, manufacturing, and professional services throughout the UK and Europe.

Approach

Virrtue appointed Novistra Capital to advise on a strategic acquisition that would strengthen its service delivery footprint in the UK and Europe. Novistra identified Virgate as a culturally and operationally aligned platform—well positioned to accelerate Virrtue’s international growth.

Through its knowledge of the finance and accounting services landscape, Novistra provided end-to-end support—structuring the transaction, navigating diligence, and managing the cross-border complexities of integrating two growth-stage platforms.

Outcome

Virrtue successfully acquired Virgate, unlocking an immediate scale in the UK and creating a strong foundation for growth across Europe. The partnership brings together complementary capabilities in technology-led accounting, while reinforcing both firms’ commitment to innovation and exceptional client delivery.

The transaction further demonstrates Novistra’s expertise in advising finance and accounting platforms—and its growing track record across the business process services space.

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“ 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.”

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Sarah Travell

Founder and CEO of Virgate

Press Releases

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May, 2024

Novistra Capital advises Virrtue on its acquisition of Virgate

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May, 2024

Virrtue expands into UK, acquires tech-driven accounting company Virgate

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virrtue-1-2560x601

May, 2024

Virrtue expands into UK, acquires tech-driven accounting company Virgate

Read more

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