Piper Sandler has acquired Abu Dhabi-based merchant bank MENA Growth Partners to serve as its regional GCC strategic investment banking hub.
The transaction is expected to close in Q1 2026, subject to customary closing conditions.
Piper Sandler reported US$283 million in investment banking revenues for Q2 2023, up 9% year-on-year.
MENA Growth Partners provides capital and strategic advisory services, alongside deal structuring, for MENA markets. Its relationships across the region are expected to support Piper Sandler’s growth in the region’s equity capital markets (ECM), private capital and sector-specific markets, the company said.
Piper Sandler managing director Nabeel Siddiqui is moving from London to the Abu Dhabi office to lead the firm’s investment banking business in the region. He will continue to lead energy, power & infrastructure infrastructure and renewables & clean energy transactions across the EMEA region.
The MENA Growth Partners team, led by founder Eric Wilson, will serve as consultants.
