PJT Partners Acquires Dubai-Based Corporate Finance Firm deNovo Partners

20 Sep, 2024

PJT Partners Acquires Dubai-Based Corporate Finance Firm deNovo Partners

PJT Partners, a global investment bank, has acquired deNovo Partners, a leading corporate finance and M&A firm based in Dubai. With this acquisition, PJT Partners officially establishes its presence in the Middle East, marking a significant step in its global expansion. deNovo Partners, founded by former Morgan Stanley executive May Nasrallah in 2010, brings with it a 20-member team of seasoned finance professionals and a track record of over 100 successful transactions worth more than $15 billion.

Notable deals include securing a $3.25 billion financing facility for GEMS Education and assisting Brands For Less in selling a 35% stake to The TJX Companies at a $1.2 billion valuation. PJT Partners’ CEO, Paul Taubman, expressed excitement about the acquisition, which will help better serve clients in the Middle East and globally. Nasrallah echoed this sentiment, highlighting the shared vision and commitment between the two firms.

Having collaborated since 2020 through a strategic alliance, the full integration of deNovo Partners into PJT Partners will further enhance their capabilities in mergers and acquisitions, capital raising, financial restructuring, and valuations, reinforcing their leadership in the global financial advisory market.