PJT Partners to Acquire deNovo Partners

PJT Partners Inc., on Wednesday said that it has signed an agreement to acquire deNovo Partners (deNovo), a leading advisory firm focused on Middle East and headquartered in Dubai. This acquisition builds upon the highly successful strategic alliance PJT Partners and deNovo entered into in 2020.

The transaction is subject to regulatory approvals and other customary conditions and is expected to close in October 2024.

Founded in 2010 by May Nasrallah, deNovo’s team of more than 20 professionals provides financial advisory services to clients in the Middle East. Since inception, deNovo has advised on more than 100 transactions, including the region’s two largest private sector M&A transactions this year. deNovo has a broad range of clients around the globe including corporates, government-related entities, and investors.

Chairman and CEO of Paul J Taubman said that his company was expanding its global footprint by acquiring the deNovo team. “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,” he added.

May Nasrallah, Founder and Executive Chairwoman of deNovo, said that her company shares with PJT Partners its commitment to delivering the highest quality advice.

“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,” she added.

May Nasrallah will continue her existing leadership role in the Middle East, including 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.

Leading Financial Advisory Firm

Established in 2010 by a team of highly experienced investment banking professionals led by May, deNovo is one of the Middle East’s pre-eminent corporate finance advisory firms. The firm provides a broad range of financial advisory services including mergers and acquisitions, capital markets, and corporate finance.

With a proven track record of successful transactions, deNovo established itself as a world-class trusted conflict-free advisor on highly complicated, sensitive transactions.

With clients spanning regional and international corporations, family businesses, government related entities, and sovereign wealth funds, deNovo has become one of the largest and most established home-grown advisory firms in the region.

Even PJT Partners is a premier, global, advisory-focused investment bank that was built from the ground up to be different. Its highly experienced, collaborative teams provide independent advice coupled with old-world, high-touch client service.

This ethos has allowed the company to attract some of the very best talent in the markets in which it has been operating for many years. PJT Partners deliver leading advice to many of the world’s most consequential companies, effect some of the most transformative transactions and restructurings and raise billions of dollars of capital around the globe to support start-ups and more established companies.