{
  "docId": "019de510-e6ff-73aa-90eb-1e6ee5f98c05",
  "docSlug": "9022a9b9fdcdaf85e46f95853ac01301",
  "documentTitle": "J.P.Morgan | Investment Banking Pitch Book | 48 slides",
  "authorId": "j-p-morgan",
  "authorName": "J.P. Morgan",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7761332,
  "pageNumber": 27,
  "pageCount": 48,
  "prevPage": 26,
  "nextPage": 28,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 32,
  "notes": "The slide uses a stacked bar chart for annual volume and a donut chart for the 2017-2021YTD aggregate.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de510-e6ff-73aa-90eb-1e6ee5f98c05/27",
  "deckHref": "/decks/019de510-e6ff-73aa-90eb-1e6ee5f98c05",
  "deckJsonHref": "/decks/019de510-e6ff-73aa-90eb-1e6ee5f98c05.json",
  "deckAnchorHref": "/decks/019de510-e6ff-73aa-90eb-1e6ee5f98c05#slide-27",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.35,
        "x": 0.55,
        "y": 0.75
      },
      "kind": "callout",
      "text": "~40% all software M&A since 2017 has been completed by sponsors",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3279d17c-4ea1-4692-88ce-0f8e2dfbc3db",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.4,
        "x": 0.08,
        "y": 0.2
      },
      "kind": "chart",
      "text": "U.S. Tech M&A deal volume ($bn)",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e1ae6ce7-d02c-4b6e-9aab-d53700979ea3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.35,
        "x": 0.55,
        "y": 0.2
      },
      "kind": "chart",
      "text": "2017–2021YTD software M&A volume ($bn)",
      "attrs": null,
      "subkind": "donut",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cc981927-9b87-47e6-a42b-ad12dea9da81",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Source: Dealogic (as of 4/15/2021), any U.S. party involvement, only includes deals greater than $100mm with final stake >50%; FactSet",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ca6079f0-a9c7-4d06-8650-3570db02d008",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.4,
        "x": 0.08,
        "y": 0.68
      },
      "kind": "table",
      "text": "# of deals, median premium, % sponsor deals",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "70652092-9850-40c0-8c81-a3fbd44415f2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.04,
        "y": 0.06
      },
      "kind": "title",
      "text": "Tech M&A activity has picked up significantly",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6917aa4e-8fba-4351-a83a-954a245e3618",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "ed22bc9a-998e-4184-a662-e4f82da2db2e",
      "evidence": "The slide features multiple charts, but it's not clear if they follow a specific selection guide.",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 48,
      "from": 23,
      "beatId": "8bf50d07-6441-4fd1-bedd-c3fa18673acd",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The document discusses the potential impact of an equity offering and the next steps for Inovalon, including strategic options and implementation plans.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 31,
      "from": 26,
      "name": "Hypothesis Test",
      "slug": "42-hypothesis-test",
      "bestFor": "Strategy validation, due diligence, research presentations",
      "matchId": "b6144141-8edf-4dd6-8e8a-0ccaf6cb8ce8",
      "evidence": "The document presents various valuation analyses and scenarios for Inovalon.",
      "position": 2,
      "objective": "What are the potential valuations for Inovalon?",
      "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)",
      "confidence": 0.5,
      "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}