Paul Taubman’s PJT Buys DeNovo to Capture Mideast Deals Boom
- DeNovo’s Nasrallah will now lead PJT’s Middle East business
- Move will allow New York-based firm to expand global footprint
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PJT Partners agreed to acquire Dubai-based advisory firm deNovo Partners, giving Paul Taubman’s investment bank a greater foothold in the Middle East amid a surge in regional dealmaking activity.
The deal brings together two Morgan Stanley alumni: Taubman set up PJT about a decade ago after 30 years at the firm. Meantime, deNovo was founded in 2010 by May Nasrallah, who worked at the Wall Street Bank for 15 years and is regarded as one of the Middle East’s most seasoned dealmakers.