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  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 48 slides",
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  "notes": "Includes a bridge table explaining the 2020 book value jump and two callout boxes explaining key drivers for book value and ROAE trends.",
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      "text": "Book value increased in 2020 due to (i) shares issued in initial public offering, (ii) acquisition of 55% of Compstar and (iii) revaluation of 45% stake in Compstar.",
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