{
  "docId": "019de06f-e127-764f-8dcc-a707a7dd4b14",
  "docSlug": "eb7b7dc6e7def9a71788d3d0eff207f6",
  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 43 slides",
  "authorId": "houlihan-lokey",
  "authorName": "Houlihan Lokey",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2019-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3342599,
  "pageNumber": 36,
  "pageCount": 43,
  "prevPage": 35,
  "nextPage": 37,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 16,
  "notes": "Includes high-end outlier data points for each category.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-e127-764f-8dcc-a707a7dd4b14/36",
  "deckHref": "/decks/019de06f-e127-764f-8dcc-a707a7dd4b14",
  "deckJsonHref": "/decks/019de06f-e127-764f-8dcc-a707a7dd4b14.json",
  "deckAnchorHref": "/decks/019de06f-e127-764f-8dcc-a707a7dd4b14#slide-36",
  "components": [
    {
      "bbox": {
        "h": 0.6,
        "w": 0.7,
        "x": 0.15,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Grouped bar chart showing mean and median premiums for four categories",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e15a6f2-f196-434a-80d8-e460ee3b6ae5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "1. Based on twelve-month lookback of applicable unaffected implied premiums, per Mergerstat Q1 2019 Control Premium Study. 2. Based on one-day implied premiums, per Capital IQ and public filings. Sources: Mergerstat, Capital IQ and public filings.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a14eab47-0304-41a2-8312-0944461d7036",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "subtitle",
      "text": "Based on reviewed transactions, median implied premiums paid range from 15.2% to 32.2% depending on transaction characteristics while mean implied premiums among reviewed transactions are somewhat higher, ranging from 29.7% to 62.9%",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3b9ba4cb-11ac-49ed-b31c-3b2131e4386e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Summary of Selected Implied Premiums Paid Observations",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7ab4be2-c444-4971-9b90-8e279a303429",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Data-Ink Ratio",
      "slug": "data-ink-ratio",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "9f09f609-3400-4bff-ab57-4d3b22cbacc1",
      "evidence": "chart/bar-grouped: Grouped bar chart showing mean and median premiums for four categories",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 36,
      "beatId": "e47fa27b-2b95-4c06-9f64-2029ad367360",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The deck provides supporting data and research to validate Houlihan Lokey's approach",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}