A US firm led by a former JPMorgan Chase & Co. banker is in talks with the Dubai ruler’s investment company to jointly pursue deals in the Middle East, according to people familiar with the matter.
New York-based boutique Certares, led by veteran banker Michael Gregory O’Hara, has held discussions with Dubai Holding LLC regarding a partnership, the people said, asking not to be identified as the information is confidential. The talks may still fall apart, they said.
Representatives for Dubai Holding declined to comment, while Certares didn’t respond to requests for comment.
Certares is also in the race to buy restaurant and nightclub operator Hakkasan Group from its Abu Dhabi owner, people familiar with the matter said Monday.
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