Barclays

Tl;dr: 3 examples of presentations prepared by Barclays for their clients in real transactions. Learn how investment bankers do their job by seeing real examples of the PowerPoints they create.

Barclays Investment Banking Presentation Examples

Here are 3 presentations to check out.

FBL Financial Group Inc

About

FBL Financial Group, Inc. (FFG) is a financial services holding company headquartered in West Des Moines, Iowa. It operates under the consumer brand name Farm Bureau Financial Services, and its primary subsidiary, Farm Bureau Life Insurance Company, offers a range of life insurance, annuities, and investment products. These products are distributed through exclusive Farm Bureau agents.

FBL Financial Group manages all aspects of two Farm Bureau-affiliated property-casualty insurance companies for a management fee. These services include wealth management and financial planning, enhancing its comprehensive financial services offerings.

Historically, FBL Financial Group has deep roots dating back to the Great Depression, with the establishment of the Farm Bureau Mutual Insurance Company in 1939. The company went public in 1996 but ceased trading on the New York Stock Exchange in 2021 following an acquisition by Farm Bureau Property & Casualty Insurance Company (FBPCIC).

FBL Financial Group’s business model focuses on protecting livelihoods and futures through its diverse insurance and financial products, primarily serving farmers, ranchers, and agricultural businesses. This strategy is supported by a network of exclusive agents, ensuring personalized service and product delivery.

Deck

Medley Management Inc.

About

Medley Management Inc. is an investment holding company that operates and controls Medley LLC and its subsidiaries. Founded in 2014 and headquartered in New York, Medley Management focuses on providing credit-focused investment strategies to retail and institutional investors. It manages various funds and investment products, specializing in middle-market companies.

Medley has experienced financial challenges, including significant losses and liquidity issues. The company was previously listed on the NYSE but faced compliance and financial reporting issues. As of recent updates, its market cap and trading volume are quite low, reflecting its ongoing difficulties.

Deck

Hiland Partners, LP

About

Hiland Partners, LP, founded in 2004, is a midstream energy company headquartered in Enid, Oklahoma. The company specializes in the gathering, compressing, dehydrating, treating, processing, and marketing of natural gas and natural gas liquids. Additionally, it provides crude oil gathering and transportation services, primarily serving production from the Bakken Formation in North Dakota and Montana.

In January 2015, Kinder Morgan, Inc., a leading energy infrastructure company, acquired Hiland Partners for approximately $3 billion, including the assumption of about $1 billion in debt. This acquisition allowed Kinder Morgan to establish a significant presence in the Bakken region, enhancing its midstream service capabilities with long-term gathering agreements from major producers such as Continental Resources, Oasis Petroleum, and XTO Energy.

Hiland Partners’ assets primarily consist of fee-based crude oil and natural gas pipelines and processing systems. This acquisition was expected to be accretive to Kinder Morgan’s cash available for dividends and provided significant growth opportunities in the Bakken region.

Deck

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About Barclays Investment Bank

As of early 2025, Barclays’ M&A division is a highly competitive global player, capitalizing on the resurgence in M&A activity driven by corporate consolidation, cross-border deals, and significant private equity involvement.

The division leverages its strong transatlantic capabilities and focuses significantly on advising clients in key growth sectors, notably Energy Transition, Industrials, Healthcare, and Technology. This sector focus is reinforced by strategic, targeted hiring of Managing Directors in these areas to bolster advisory strength.

Barclays actively advises clients pursuing inorganic growth strategies, aligning with market sentiment favouring acquisitions over buybacks or dividends, and integrates its growing role in sustainability-linked finance (part of its $1 trillion sustainable finance goal by 2030) into client solutions where applicable.

Rankings (2024 & Early 2025)

Barclays demonstrated significant momentum in M&A league tables moving into 2025:

• Global: Achieved 5th place globally in announced M&A deal value for Q1 2025, a substantial jump from 10th in Q1 2024, according to Mergermarket data.
• Europe: Secured 6th place in Europe for Q1 2025 (up from 14th in Q1 2024), fueled by a 186% year-over-year surge in advised deal value. Notable Q1 2025 European deals included advising Apax Partners on the Eci Software Solutions acquisition and TDR Capital on the CorpAcq purchase.
• Americas: Ranked 5th in the Americas for Q1 2025 (up from 11th in Q1 2024), highlighted by its advisory role on the landmark potential $32 billion sale of Wiz (backed by Blackstone and Advent) to Alphabet.
• 2024 Performance Indicators: Showed positive underlying trends in 2024, increasing its advisory fee share to 2.9% (from 2.6% in 2023).

Key Changes (2024 & Early 2025)

• New Global M&A Leadership: In a significant move in early 2025, Barclays appointed Andrew Woeber (joining from Centerview Partners, previously Morgan Stanley and Greenhill) as its Global Head of M&A. This hire, bringing over 25 years of experience, signals a clear intent to further strengthen strategic transaction capabilities.
• Strategic Hiring & Sector Focus: Continued significant investment in talent, with nearly two-thirds (64%) of Managing Director hires between 2023 and 2024 focused on high-growth sectors like Energy Transition and Technology, directly enhancing M&A execution capabilities in these key areas.
• Broader Bank Restructuring: The wider Barclays Group restructured from three into five operating divisions during 2024 to enhance transparency and capital allocation. The Investment Bank remains critical, contributing approximately 47% of group income as of mid-2024/early 2025 reporting periods.
• Investment Bank Operational Targets: The M&A division operates within the context of broader Investment Bank strategic goals set in 2024, which include reducing Risk-Weighted Assets (RWAs) allocated to the division towards 50% of the Group total by 2026 (down from ~65%) and improving the division’s cost-income ratio significantly (targeting high 50s% from ~70% in 2024). This implies a strong focus on efficiency and return on capital within the M&A business.
• Financial Sponsor Activity Focus: Demonstrated strong activity advising financial sponsors, evidenced by involvement in 4 out of 10 major European deals tracked in Q1 2025 involving sponsors, including significant PE exits like the Wiz transaction.

FT Rankings

Observations on Barclays Capital presentations

By virtue of being a newer player, their colours are more modern, as is their design to some extent.

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).