Most founders pick an M&A advisor wrong. They run an introductory call, ask for a proposal, and choose the firm that flatters them most about their valuation. Six months later they discover the firm is a broker chasing a fee, not an advisor protecting a deal — and by then the cost is real.
The advisor you pick determines who ends up at the closing table, what the deal terms actually say, and whether your business survives the integration. The firms on every "top M&A in Dubai" list look interchangeable from the outside. They are not.
This article does two things. First, it gives you the five criteria that actually separate a credible M&A advisor from a glorified broker — the questions you should be asking on the first call. Second, it walks through seven firms operating in Dubai, with enough detail per firm that you can read each one against the criteria yourself.
What this article covers:
Before the firms, the framework. Apply these to every name on the list (and every name not on this list).
Advised on is a phrase brokers use when they want credit for the introduction. Ask for transactions actually closed in the last 24 months, the size band of those deals, and whether the firm sat on the buy side or the sell side of each. A firm with three closes in your size band beats a firm with twenty closes well outside it.
Most firms on these lists publish a sector list that includes your industry. Real sector depth means: someone on the team has personally closed a deal in your vertical in the last 18 months, can name three or four likely strategic acquirers in that sector without preparation, and understands the operational metrics buyers in that sector will actually price against. If they cannot do this on a first call, the sector claim is marketing.
Buy-side and sell-side mandates require different muscle memory. Buy-side is a search and discipline problem (find good targets, walk away from bad ones). Sell-side is a process and pressure problem (run a tight auction, hold leverage through diligence). Firms that genuinely run both keep the practices structurally separated. Firms that do not are usually one of the two with the other written on the website.
Ask: do you have a captive fund? Do you take retainers from acquirers we might face? Do you receive referral fees from law firms, banks, or DIFC service providers? A clean answer is rare. A muddled answer means the advisor's incentives are not aligned with yours, and you will discover that fact at the worst moment.
The hardest part of any M&A process is the eight-to-twelve weeks between LOI and close, when diligence findings arrive and the buyer reprices. Ask exactly which of the firm's people stay in the room from LOI to close, and what they have done in the past when a buyer attempted a chip-away. Firms that hand off after LOI are not the firms you want at this stage.
A note before the list: a meaningful portion of founders looking at a page like this are actually one stage earlier than M&A. They are preparing for a fundraise and confusing capital types. If you are in that situation, read this list for context, but the work you actually need is investor readiness, not M&A advisory. The Investor Readiness Sprint is the paid entry to a Fiducia Adamantina raise engagement and covers that earlier stage; the firms below cover what comes once you are committed to an acquisition or sale.
Fiducia Adamantina is a Dubai-based strategic advisory firm. Most of our work is investor readiness and raise execution — getting founders to capital. M&A Advisory is a separate, bespoke service line for founders preparing to sell their business or acquire another. We take M&A mandates selectively, on engagements where the founder is committed to the transaction and where our diligence-first approach matches the situation.
What that means in practice: we are not a broker, we do not run a high-volume transaction book, and we do not chase fees. The trade-off is fewer mandates per year and a deeper bench on each one.
Best for: Founders who want a strategic advisor in the room from pre-mandate planning through close — not a transaction agent. Mid-market deal sizes, sectors where founder operating discipline materially affects valuation.
Approach:
When to talk to us instead of someone on this list:
Industry experience: Technology, Financial Services, Real Estate, Healthcare, Manufacturing.
How to start: Book a free strategy call via Calendly to talk through your situation. Founders who want a deeper paid engagement upfront can book a Strategy Session instead. For raise-stage founders, the Investor Readiness Sprint is the entry point — a 3-week paid readiness phase that converts into the raise mandate, with the Sprint fee credited against the raise success fee if you engage Fiducia Adamantina on the raise within 90 days.
Contact:
Location: The Exchange Tower - Business Bay, Dubai, UAE. View Office
Transworld M&A Advisors UAE specializes in mid-market mergers and acquisitions, focusing on companies valued between $5 million and $250 million. With over 40 years of global experience, their Dubai-based team offers expert guidance through every stage of the M&A process, ensuring seamless and successful transactions.
Best For: Mid-market companies, family-owned businesses, and investors seeking specialized M&A advisory services in the UAE and broader GCC region.
Experience & Expertise: 3 years of operation in Dubai and 46 years in USA.
Buy-Side M&A Advisory:
Sell-Side M&A Advisory:
Industry Specialization: Healthcare, Education, Oil & Gas, Technology, Manufacturing.
Contact Channels:
Location: Office No. 901, The Oberoi Center, Marasi Drive, Business Bay, Dubai, United Arab Emirates. View Office
N R Doshi & Partners is a Dubai-based public accounting and consulting firm with over 34 years of experience. The firm provides comprehensive M&A advisory services, ensuring legally compliant, tax-efficient, and strategically beneficial transactions across various industries.
Best For: Mid-market companies, family-owned businesses, and investors seeking expert M&A advisory in the UAE.
Experience & Expertise: 35 years of operation in Dubai.
Buy-Side M&A Advisory:
Sell-Side M&A Advisory:
Industry Specialization: Financial Services, Real Estate, Retail, Healthcare, Energy and Utilities, Gold, Jewellery and Precious Stones
Contact Channels:
Location: L 24/01 & L 24/02, Burjuman Office Tower, Mankhool, P.O. Box 13742, Dubai, UAE. View Office
Halfway through the list — pause for one minute.
Most founders reading a list like this are in shopping mode. They scan five firms, pick three to call, and make the actual decision based on which call felt most reassuring. That is not an evaluation, that is a vibe check.
The Investor Readiness Scorecard is a 5-minute self-assessment that tells you which stage you are actually at — pre-raise, mid-raise, post-raise, or M&A — and which kind of advisor you actually need before you start booking calls. It is free, it does not produce a sales follow-up, and it will save you four bad meetings.
Platform01 Consulting, established in 2023, is a practitioner-led strategy consulting firm based in Dubai, United Arab Emirates. The firm specializes in mergers and acquisitions (M&A), providing tailored advisory services to corporations, private capital investors, and new ventures. Their team comprises seasoned professionals with extensive experience in global financial institutions and Fortune 500 companies.
Best For: Mid-market companies, startups, and investors seeking comprehensive M&A consulting services in the UAE and the broader Middle East region.
Experience & Expertise: 2 years of operation.
Buy-Side M&A Advisory:
Sell-Side M&A Advisory:
Industry Specialization: Technology, Real Estate, Financial Services, Healthcare, Manufacturing
Contact Channels:
Location: Office 403-D, 4th Floor, Building A4, Dubai Digital Park, Silicon Oasis, Dubai, United Arab Emirates. View Office
Established in 2011, Dalma Capital Management Limited is a Dubai-based investment banking and asset management firm specializing in mergers and acquisitions (M&A). The firm offers comprehensive M&A advisory services, focusing on both buy-side and sell-side transactions, with a personalized approach tailored to client needs.
Best For: Mid-market companies, family-owned businesses, and investors seeking expert M&A advisory services in the UAE and internationally.
Experience & Expertise: 14 years of operation.
Buy-Side M&A Advisory:
Sell-Side M&A Advisory:
Industry Specialization: Financial Services, Real Estate, Technology, Energy, Healthcare
Contact Channels:
Location: ICD Brookfield Place DIFC, 9361 Level 11 - Dubai - United Arab Emirates. View Office
IMC Group, established in 1979, is a leading cross-border advisory firm headquartered in Dubai, UAE. As a member firm of Andersen Global, IMC offers comprehensive mergers and acquisitions (M&A) advisory services, assisting clients through every stage of the transaction process to achieve strategic growth and operational excellence.
Best For: Large corporations, multinational enterprises, small and medium-sized enterprises (SMEs), and high-net-worth individuals seeking expert M&A advisory services in the UAE and internationally.
Experience & Expertise: 17 years of operation in Dubai.
Buy-Side M&A Advisory:
Sell-Side M&A Advisory:
Industry Specialization: Financial Services, Real Estate, Technology, Healthcare, Energy, Retail, Manufacturing
Contact Channels:
Location: NBQ Building - Post Box 115887 - Office no. 303 Khalid Bin Al Waleed Rd - Bur Dubai - Dubai - United Arab Emirates. View Office
Founded in 1972, Houlihan Lokey is a leading global investment bank headquartered in Los Angeles, California. The firm specializes in mergers and acquisitions (M&A), capital markets, financial restructuring, and valuation advisory services. In 2024, Houlihan Lokey was ranked as the No. 1 investment bank for all global M&A transactions by LSEG (formerly Refinitiv), advising on 415 deals worldwide.
Best For: Corporations, financial sponsors, and government agencies seeking comprehensive M&A advisory services across various industries on a global scale.
Experience & Expertise: 8 years of operation in Dubai.
Buy-Side M&A Advisory:
Sell-Side M&A Advisory:
Industry Specialization: Business Services, Consumer, Energy, Financial Services, FinTech, Healthcare, Industrials, Real Estate, Lodging and Leisure, Technology.
Contact Channels:
Location: ICD Brookfield Place - Level 17 312 Al Mustaqbal St - Trade Centre - DIFC - Dubai - United Arab Emirates. View Office
You finished the list. Most founders do one of three things in the next 48 hours. Two of them are mistakes.
Move 1 (mistake): Book intro calls with four or five firms.
The instinct is to compare. The reality is that intro calls are sales calls. Every firm will tell you they are a perfect fit, will quote a tight timeline, and will gently ask about your size band so they know how hard to push. Five intro calls produces five flattering pitches and zero useful information. If you must run intro calls, run two — and only after you have applied the five criteria above to filter the list down.
Move 2 (mistake): Ask for proposals before you have a thesis.
A proposal is a document an advisor writes when they want to win the mandate. It is not a diagnostic of your situation. Asking for proposals before you know what you actually need anchors you to the most articulate proposal, which is rarely the best fit. Decide what you need first; then ask one or two firms to scope it.
Move 3 (right move): Do the readiness work before you choose the advisor.
Most M&A processes that fail in diligence fail because the seller was not ready when the LOI was signed. Cap table issues, financial-model gaps, missing customer contracts, unresolved IP questions — these are findings that should have been addressed before the buyer ever saw the data room. The right sequencing is: get the business to a state where any credible advisor could run a clean process, then pick the advisor.
For founders preparing to raise rather than sell, the Investor Readiness Sprint is the paid first step of that readiness work. It is a 3-week engagement that produces investor-ready materials, fixes cap table and financial issues, and converts into the raise mandate. The fee is credited against the raise success fee if you engage Fiducia Adamantina on the raise within 90 days. For founders preparing to sell or acquire, the equivalent first step is a strategy conversation about the specific situation — see below.
Apply the five criteria from earlier in the article in this order:
You will usually be left with one or two firms. That is the shortlist. Run intro calls with that shortlist, not the full list.
If your situation is M&A — you are preparing to sell, acquire, or restructure — book a free strategy call with Fiducia Adamantina via Calendly. The call is 30 minutes, no preparation required, and produces a clear read on whether you are ready to engage an M&A advisor or whether earlier work is needed first. Founders who want to skip the free intro and engage on a paid strategy session can book one here.
If your situation is fundraising — you confused M&A with raise advisory and you are actually preparing for capital — start with the Investor Readiness Scorecard to confirm your stage, then read about the Investor Readiness Sprint which is the paid entry to a Fiducia Adamantina raise engagement.
If you are not sure which of these you are — book the free Calendly call. Thirty minutes will tell us both.
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