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  "documentTitle": "Lazard | Investment Banking Pitch Book | 49 slides",
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  "notes": "The chart uses a red dashed box to highlight a subset of transactions with comparable financial profiles.",
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      "text": "Transactions with the most comparable financial profile selected for valuation benchmarking",
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      "text": "NTM Revenue Growth vs. NTM EBIT Margin (Pre-SBC)",
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      "text": "Source: Veil management, public company filings, press releases and Factset as of 8/16/19. Note: Multiples indicate EV/NTM Revenue. Raven NTM metrics calculated as 50% of FY'21 and 50% of FY'20 figures. Raven valuation metrics based on unaffected share price of $8.30 as of 8/14/19. 1 Represents transaction whereby a private investor group led by Bain Capital Partners, Golden Gate Private Equity, Insight Venture Partners and GIC Special Investments acquired BMC Software.",
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