At Novo Advisors we are all about rewarding the hard work that everyone puts in throughout the year with a curated holiday bash — driven by our Managing Partner’s love of good food and even better wine. This year’s celebration was one for the culinary books as our teams from all over the country flew in to gather in Chicago’s West Loop neighborhood. We were treated to a spectacular food and wine pairing at Ever, a 2-Michelin star restaurant headed by James Beard award-winning chef Curtis Duffy and the muse behind ‘the best restaurant in the world’ in the show The Bear. It was indeed a very special holiday party and a chance to reflect not just on work accomplishments but also celebrate milestones, including weddings and babies! The best part? Dancing in Ever’s bar area … appropriately called after. What a night!
To our Team: thank you for all the hard work — we’re excited for what’s ahead in 2026!
Novo Advisors welcomed the National Conference of Bankruptcy Judges (NCBJ) to the Windy City with a cocktail reception at the landmark Chicago Firehouse Restaurant in the South Loop. Our team hosted nearly 250 insolvency professionals at the eatery that was once home to Engine Company 104. It served as the perfect backdrop to the impeccable service, food and drinks — complete with an actual fireman’s pole! We know there were dozens of events to choose from and we’re grateful that so many of you stopped in to say ‘hello’ and connect with our ever-growing Novo team.
From the historic venue to our Novo-branded tins of Garrett Popcorn, we enjoyed hosting an undeniably ‘Chicago’ experience. We hope you check out the photos.
Novo Advisors’ 11th annual Chicago Air and Water Experience brought together a record 300 clients, colleagues, and friends for an unforgettable afternoon at Navy Pier’s Offshore Rooftop. The skies were clear and the weather was perfect as the U.S. Air Force Thunderbirds passed overhead. As Novo continues to grow and expand, our relationships matter more than ever; this event has become the perfect way for us to show our gratitude for all the support.
A HUGE thank you to everyone who came out and helped make this event so special!
Our 2025 NYC cocktail party was packed — thanks to you! So much for the forecasted rain — we instead got sunny skies and the perfect end to Novo Advisors’ 2025 Spring Series. Thanks to the over 200 connections who came out for our soirée atop the AC Hotel at Castell Rooftop Lounge.
Our expanding New York team was excited to host and includes Partners Matt Cohn and Rob Vanderbeek, Principals Kevin Neuman and Claudia Springer, Managing Director Wen Rittsteuer, Directors Rob Trenk and Ashray Kalra, and Senior Consultant Victor Simpson. Our Managing Partner and Founder Sandeep Gupta, Chicago-based Partners Nick Mungor and Jacob Grall, and Consultant Nate VanDeCasteele were excited to be there to connect with all of you in person! Reach out if you have any questions or want to follow up. If you missed this one, hope to see you at the next!
Philly — you rock! Novo Advisors had a terrific time surrounded by nearly 70 friends, clients, and the Novo team from Philadelphia, New York, and Chicago. We believe every market is slightly different and it’s important to experience it first hand. Thank you to our friends who came in from Delaware and New Jersey, as well.
Principal Claudia Springer and our Managing Partner Sandeep Gupta hosted along with Partner Jacob Grall (Chicago), Partner Rob Vanderbeek (New York), Principal Kevin Neuman (New York), Director Ashray Kalra (New York), and Senior Consultant Victor Simpson (New York). The food and drinks were amazing at Barbuzzo, which specializes in Mediterranean cuisine. A few of our guests even took a turn at the piano!
If we missed you, we’ll see you at the next one!
Novo Advisors crushes another Chicago Spring Series with our Managing Partner stepping in to help keep the drinks flowing! Nearly 150 guests mingled at The Bellevue on Chicago’s iconic Gold Coast, including many from the Turnaround Management Association’s MARC Conference.
What a night of craft cocktails, tasty bites, and darn good company! And our very own Sandeep Gupta behind the bar shaking up a few martinis! A big thank you to everyone who joined us and kudos to our amazing Novo team that keeps growing.
Our Partners Rian Branning, Jacob Grall, and Nick Mungor were on hand to kick off the event and welcome three of our newest members to team Novo: Bettina Meske (Denver) Ashray Kalra (New York), and Michael Baiocchi (Chicago). The staff at The Bellevue was on point with some of the best service, food, and drinks in town.
How do we top this one? It’s going to be hard, but the Novo Events Team is always up for the challenge. If we missed you at this one, hope to see you at the next!
CHICAGO, March 11, 2025 — When a nationwide turnaround firm turns up the heat — with over 50% growth in the last year alone — a move to a bustling headquarters in a world-class city can’t be far behind. With its success in helping businesses work through financial trials, Novo Advisors is proud to announce the opening of its new HQ in the heart of downtown Chicago.
For Novo, the expansion highlights its growing team of experts immersed in its work to stabilize troubled businesses. It also signals the arrival of a boutique firm as a nationwide financial services powerhouse. “Our growth reflects the talent of our team and a mission to hire exceptional professionals in key cities to better service those markets,” said Managing Partner and Founder Sandeep Gupta, a 30-year industry veteran. Novo has strategically and thoughtfully expanded its Chicago team and established its presence in New York, Philadelphia, Nashville, Minneapolis, and Dallas.
Our growth reflects the talent of our team and a mission to hire exceptional professionals in key cities to better service those markets.”
Sandeep Gupta
Managing Partner and Founder
Novo’s new address, 200 W. Madison St., is steps from the city’s iconic State-and-Madison crossroads in the heart of Chicago’s financial district. The office’s open floor plan provides a nexus for collaboration, innovation, and teamwork, with easy access to public transportation and amenities for employee well-being — and fun — that include a fitness center, an arcade room, and a golf simulator.
The story that brought Novo Advisors to a sleek new space humbly began in 2012 from Gupta’s dining room table. There, the University of Chicago Booth MBA and former nuclear power engineer worked out his vision to build a company that would deliver more than just results on paper by assembling an all-star lineup driven by its financial and legal prowess. Recently, Novo added practices in Healthcare Transformation and Dispute and Mediation.
“The high caliber of our team and the incredible support we’ve received throughout our journey drives everything,” said Gupta. “I want to thank our clients and the Novo leadership — Rian Branning, Nick Mungor, Michael Ragano, Jacob Grall, Claudia Springer, Kevin Neuman, Matt Cohn, and Rob Vanderbeek— for being instrumental in driving our growth and success. As we step into 2025, we’re excited to continue to roll up our sleeves and deliver impactful results.”
Novo Advisors specializes in business turnaround and performance improvement focusing on the middle market ($50 million – $1 billion in revenue annually). As businesses hit critical inflection points, Novo provides expertise and a fresh perspective to navigate these challenges. Through immersion, listening, and analysis, the team works to understand a business and tailor solutions to drive sustainable change. The Novo team, drawn from top-tier firms, combines extensive experience in financial planning, data analytics, and operational roles. With a commitment to collaboration and high standards, Novo Advisors consistently achieves optimal outcomes for its clients.
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Media Contact:
Novo Advisors
media@novo-advisors.com
(312) 961-2565
02/12/2025
A huge thank you to the over 300 guests who joined us for our inaugural cocktail reception with Pashman Stein Walder Hayden P.C., held during the Turnaround Management Association’s Distressed Investing Conference and SFNet’s Asset-Based Capital Conference in Vegas.
The event was hosted at the stunning La Cave Bar & Restaurant in the Wynn. A special shoutout to their incredible staff for helping make this night truly unforgettable.
Thanks to everyone who took the time to connect with us, we truly appreciate the conversations and new connections! If we didn’t get a chance to meet, or if you want to keep the conversation going, feel free to reach out via email or connect with the Novo team members directly.
Email Novo Advisors | Email Pashman Stein
Until next time, Vegas!
Our team is excited to be on the ground at two of the industry’s premier events: SFNet’s Asset-Based Capital Conference (February 11-12, 2025) and the Turnaround Management Association’s Distressed Investing Conference (February 11-14, 2025).
These gatherings bring together top finance and banking professionals to discuss the latest trends, opportunities, and challenges in the industry.
If you’re attending and looking to connect, we’d love to meet up! Reach out to us and let’s make the most of this week in Vegas. See you there!
