Middle East Deals News: PJT Partners Hires Dubai Firm deNovo - Bloomberg:
PJT Partners Inc. signed an accord with a Dubai-based boutique as the U.S. investment bank seeks to win a slice of Middle East deal-making and restructuring work.
The advisory firm, founded by Paul J. Taubman, will work with deNovo Corporate Advisors on cross-border transactions for the region’s biggest companies, sovereign wealth funds and family offices, according to deNovo executive chairperson May Nasrallah.
PJT and deNovo will also advise global firms looking to invest in the Middle East and North Africa region. The companies are currently working on between six and 12 deals, she said.
Middle Eastern deal-making has seen a surge in activity in recent weeks despite the impact of lower oil prices and the coronavirus pandemic on regional economies. Restructuring work is also likely to increase as many firms and state-owned entities face debt repayments they may struggle with.
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