ECM deal execution support across primary and secondary equity markets
About Client:
A mid-market investment bank based in the UK, with offices across the USA, UK, France, and Singapore.
Business Problem:
Client wanted to increase its market share by optimizing equity capital market’s (ECM) origination processes, and by adopting speedy execution methods including outsourcing.
ValueAdd Solution:
ValueAdd staffed a two-analyst ECM research team supported by a Team Lead, to provide support across developed and emerging equity capital markets. The analysts had an average 2-3 years of experience in banking.
Deal origination support:
- Screening of potential target clients based on top-bottom and bottom-up approach.
- Help with updates across pitchbooks, trading comps, and precedent transaction comps
- Quick company tearsheets to filter potential targeted prospective clients
Deal execution support:
- Help with updates across information memorandums, trading comps, precedent transaction comps, and investor presentations.
- Detailed equity valuation based on DCF/SOTP, and relative valuation multiples (industry average, revenue or EBITDA multiple).
- Support an IPO, secondary issuance across equities, SPACs, PERPS, among others.
Market intelligence and library support:
- Provide market intelligence, including league tables, pricing trends, monthly report on new deals, sector newsletters, and competitive intelligence.
- Provide library/data support including supplying required data, sector reports, broker reports, rating reports, and other ad hoc pieces of analysis (sensitivity analysis).
- Graphical support across charts, slides, decks, and data as per the client’s formatting style guides.
Benefits Delivered:
- Supported ECM deals worth £5+ billion so far
- High-quality research and quick turnaround time, with minimal involvement of client bankers
- End-to-end support across research, library, and graphics services
- Cost-effective research support