U.S. investment bank PJT Partners has agreed to buy Dubai-based advisory firm deNovo Partners, expanding its presence in the Middle East and gaining access to a client base of prominent businesses and government-related entities. The deal reflects the growing prominence of Dubai as a global financial hub and the interest of global banks in the Middle East's attractive investment opportunities. PJT has been involved in major bankruptcies and advises on mergers, acquisitions, and fundraising. The terms of the deal were not disclosed, but it marks the culmination of a four-year partnership between PJT and deNovo.