PJT Partners has agreed to acquire deNovo Partners, a leading advisory firm focused on the Middle East and based in Dubai. This deal builds on the highly successful strategic alliance PJT Partners and deNovo entered into in 2020.
Launched in 2010 by May Nasrallah, deNovo’s team of more than 20 professionals provides financial advisory services to clients in the Middle East. Since its inception, deNovo has advised on more than 100 transactions, including this year’s two largest private sector M&A transactions. deNovo has a broad range of clients worldwide, including corporates, government-related entities, and investors.
May Nasrallah will continue her existing leadership role in the Middle East, such as covering the firm’s important clients in the region, while also becoming a key part of PJT Partners’ senior team as the firm expands internationally. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in October 2024.
KEY QUOTES:
“We are pleased to welcome the deNovo team to PJT Partners as we continue to expand our global footprint. We look forward to building upon our strong partnership to better serve clients in the Middle East as well as international clients with business interests in the region.”
-Paul J. Taubman, Chairman and Chief Executive Officer of PJT Partners
“We are excited to join PJT Partners, a firm that shares our commitment to delivering the highest quality advice. We look forward to joining forces with this leading advisory firm. I have worked closely with the PJT leadership team for decades and have a deep admiration for the world-class platform they have established in such a short period of time. Together, we will build upon this strong foundation by enhancing our capabilities and better serving clients globally.”
-May Nasrallah, Founder and Executive Chairwoman of deNovo
