Morgan Stanley

Tl;dr: 4 examples of presentations prepared by Morgan Stanleyfor their clients in real transactions. Learn how investment bankers do their job by seeing real examples of the PowerPoints they create.

Morgan Stanley Investment Banking Presentation Examples

Here are 4 presentations to check out.

Hit the button that looks like a box to open it up full screen for your viewing pleasure!

Douyu International Holdings

About

DouYu International Holdings Limited, headquartered in Wuhan, China, is a leading game-centric live streaming platform primarily focused on eSports. Founded in 2014, the company operates both PC and mobile apps, offering users immersive and interactive games, entertainment live streaming, video content, and virtual communities. DouYu connects game developers, publishers, professional eSports teams, players, and tournament organizers with its audience, fostering a vibrant eSports ecosystem.

The platform streams a variety of content, including talent shows, music, and travel, in addition to its primary focus on gaming. DouYu also sponsors professional eSports players and teams, organizes tournaments, and provides video clips and game guides for its users.

DouYu went public on the NASDAQ in July 2019 under the ticker symbol “DOYU.” The company has continued to evolve, maintaining a strong presence in the Chinese eSports market by enhancing its user experience and producing high-quality content consistently​.

Deck

Pivotal Software, Inc

About

Pivotal Software, Inc. was a software and services company based in San Francisco, California, specializing in cloud platform hosting and consulting services. The company was originally spun out from EMC Corporation and VMware in 2012. Pivotal provided a cloud-native platform that aimed to enhance software development and IT operations for large enterprises, helping them to modernize their applications and infrastructure.

In April 2018, Pivotal went public, raising $555 million in its IPO. However, by December 2019, VMware acquired Pivotal, integrating its technologies into VMware’s Tanzu application suite. This acquisition aimed to enhance VMware’s portfolio, particularly in Kubernetes-based solutions, facilitating multi-cloud operations and enabling enterprises to deliver software more efficiently.

Pivotal’s technology and methodologies were instrumental in transforming how large companies developed and managed their software applications, offering tools that allowed developers to build and run applications more effectively. Post-acquisition, Pivotal Labs was rebranded as VMware Tanzu Labs.

Deck

Juno Therapeutics, Inc.

About

Juno Therapeutics, Inc. is a biopharmaceutical company focused on developing innovative immunotherapies for cancer treatment. Founded in 2013 and headquartered in Seattle, Washington, Juno Therapeutics aims to harness the body’s immune system to fight cancer, specifically through the development of CAR T (chimeric antigen receptor T) and TCR (T cell receptor) therapies. These therapies reprogram T cells to target and kill cancer cells more effectively.

In 2018, Juno Therapeutics was acquired by Celgene Corporation, which later became a part of Bristol-Myers Squibb. This acquisition has allowed Juno to expand its research and development capabilities, contributing to breakthroughs such as the approval of Breyanzi (lisocabtagene maraleucel) by the FDA. Breyanzi is a CAR T cell therapy designed for adults with relapsed or refractory large B-cell lymphoma, reflecting Juno’s continued focus on advancing cancer treatments.

Juno’s portfolio includes a range of promising therapies targeting various cancer types, leveraging cutting-edge techniques in genetic engineering and cell therapy. The company continues to push the boundaries of what is possible in cancer treatment, aiming to improve patient outcomes and survival rates​.

Deck

Apollo Residential Mortgage

About

Apollo Residential Mortgage, Inc. (AMTG) is a real estate investment trust (REIT) that focuses on investing in and managing residential

Apollo Residential Mortgage, Inc. (AMTG) is a real estate investment trust (REIT) that primarily invests in and manages residential mortgage-backed securities (RMBS) and other residential mortgage assets across the United States. The company was founded in 2011 and is headquartered in New York, New York.

AMTG was acquired by Apollo Commercial Real Estate Finance, Inc. (ARI) in 2016. Under the acquisition terms, ARI took over AMTG, and the latter became a subsidiary of ARI. This acquisition allowed ARI to enhance its portfolio and redeploy capital into its target assets, focusing on commercial real estate debt investments​.
AMTG’s strategy involves leveraging investments in residential mortgage assets to generate income and provide value to its shareholders. Before the acquisition, AMTG was publicly traded on the NYSE under the ticker symbol AMTG​.

Deck

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About Morgan Stanley Investment Bank

About Morgan Stanley (Investment Banking M&A – Early 2025)

Morgan Stanley operates one of the world’s most prestigious and influential M&A advisory franchises, consistently positioned at the pinnacle of the global investment banking industry. As of early 2025, the firm provides elite-level strategic counsel to a premier global client base, encompassing leading multinational corporations, major financial institutions, top-tier financial sponsors, and governments.

Renowned for its intellectual capital, deep industry specialization (with standout strengths in Technology, Healthcare, Financial Institutions, and Industrials), extensive global reach, and flawless execution capabilities, Morgan Stanley excels in advising on the largest, most complex, and strategically critical M&A transactions.

This includes leading roles in landmark cross-border mergers, sophisticated defense advisory against hostile bids and shareholder activism, and complex spin-offs/divestitures. M&A advisory is a core pillar of its Institutional Securities Group, emphasizing long-term C-suite relationships and delivering bespoke, high-value strategic solutions.

Rankings (2024 & Early 2025)

Morgan Stanley consistently occupies the absolute top tier of global M&A league tables, typically competing for the leading positions.

• Global: For the full year 2024, Morgan Stanley typically ranked within the Top 3 globally by announced M&A deal value, often vying for the #1 or #2 spot alongside rivals like Goldman Sachs and JPMorgan, according to major league table providers (LSEG, Bloomberg, Dealogic).
• USA: The firm maintained its dominant M&A franchise in the critical US market, consistently ranking in the Top 3 throughout 2024, frequently securing the #1 or #2 position.
• Europe: Morgan Stanley possesses a powerful European M&A practice, usually ranking within the Top 3 to Top 5 advisors in the region during 2024.
• Asia Pacific: Holds a significant and top-tier ranking in Asia Pacific, typically within the Top 5.

Early indications for 2025 show Morgan Stanley maintaining its elite market position, actively advising on major transactions as global M&A activity progresses.

Key Changes (2024 & Early 2025)

• CEO Transition Impact: The most significant firm-wide change was Ted Pick assuming the role of CEO effective January 1, 2024. Pick’s extensive background leading the Institutional Securities Group (which includes Investment Banking and M&A) ensures deep understanding and continued strategic focus on this core business at the highest executive level. While this was a firm-wide transition, leadership within the day-to-day operations of the Investment Banking and M&A divisions saw relative stability among the most senior global and regional heads directly managing the franchise during 2024.
• Continued Emphasis on Premier Advisory: Morgan Stanley reinforced its strategic commitment to its advisory-centric model throughout 2024, focusing on high-value, complex mandates rather than solely pursuing deal volume. Leveraging its global network and deep sector expertise remained paramount.
• Strategic Talent Management: The firm continued its approach of cultivating internal talent while making highly selective, strategic external hires in key growth areas (e.g., technology, sustainability/energy transition, private capital advisory). This focus on targeted talent acquisition rather than large-scale team lifts or boutique acquisitions remains core.
• No Major M&A-Related Acquisitions: Morgan Stanley did not undertake significant acquisitions specifically to bolster its M&A advisory platform during this period, relying on the strength of its established global franchise and organic growth initiatives.
• Navigating Market Dynamics: Morgan Stanley expertly navigated the complex market conditions of 2024, advising clients through lingering macroeconomic uncertainty and positioning itself at the forefront of emerging M&A trends and the gradual recovery in larger transaction volumes.

FT Rankings

About the Investment Banking Decks here

Investment banking presentations are rarely if ever, made public. When I was junior in M&A, it would have been so helpful to have access to see how banking decks were made and how other banks made them.

The issue is that they are never made available, so I set out to help you.

What you will find here

You will find 2-4 real M&A decks from one bank. They are in a fancy form of PDF you can open and go through (best on your computer). If you want to see more, there are options to purchase more access (which funds a little team of analysts to make updates).

If you want to see more, this is part of a collection of 67 free M&A presentations from the top 20 banks (based on ranking and also the quality of presentation for you to learn from).

Why the heck should you care?

Investment banks attracted the best and the brightest.

• Slide structure/design: Learn how complicated concepts are structured and designed in PowerPoint
• Analysis approach: See exactly how complex financial methods are presented
• Strategy and communication: M&A deals are not (normally, other than many Duff and Phelps decks) cookie-cutter. There’s a host of topics that need to be dealt with
• Morbid interest: I used to do this for a living, but it’s still interesting to see how PPT are made… but then maybe it’s just me and so FML 😉

Who this will help

• You want to work in banking: There are a lot of applicants. Knowing the job helps you answer questions
• You work in banking: Even if you’re an MD, you need to know how the best are structuring their thoughts/analysis
• You write presentations: You can’t buy learnings like this. You can learn from the slides
• You have a curious mind: Good for you

Want more IBD decks?

There are resources for you to purchase if they are helpful to you.

• I recommend “Premium” for anyone serious about learning slide structures.
• Get the “Pro” version if you are serious about learning about M&A decks (VP to MD).