PJT Partners to buy Dubai-based advisory firm deNovo

PJT Partners

18/09/2024 14:06

DUBAI, Sept 18 (Reuters) - PJT Partners  PJT.N , a
boutique investment bank, has entered into an agreement to buy
Dubai-based advisory firm deNovo Partners, which is led by
ex-Morgan Stanley Banker May Nasrallah, deNovo said in a
statement on Wednesday.
    "This acquisition builds upon the highly successful
strategic alliance PJT Partners and deNovo entered into in
2020," deNovo said without disclosing the value of the deal,
which is expected to close next month.
    Nasrallah will keep her existing leadership role in the
Middle East and also become part of PJT's senior team.
    Founded in 2010, deNovo has a team of over 20 professionals.
Its clients include corporates, government-related entities, and
investors. 
        

 (Reporting by Federico Maccioni, editing by Kirsten Donovan)
 ((Federico.maccioni@thomsonreuters.com; +971 527370852;))