Duff and Phelps

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

Duff and Phelps Investment Banking Presentation Examples

Here are 3 presentations to check out.

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

Newater Technology, Inc.

About

Newater Technology, Inc. is a company that specializes in the development, manufacture, and sale of advanced membrane filtration products for wastewater treatment. Founded in 2012 and headquartered in Yantai, China, Newater operates primarily through its wholly owned subsidiary, Yantai Jinzheng Eco-Technology Co., Ltd. The company’s key products include Disk Tube Reverse Osmosis (DTRO) and Disk Tube Nano-Filtration (DTNF) membranes, which are designed to treat, recycle, and discharge wastewater effectively.

Newater provides integrated technical solutions encompassing engineering support, installation, technical advice, and comprehensive water purification services. Their systems are employed in a variety of industries to transform wastewater into reusable clean water, thereby supporting environmental sustainability and resource conservation.

Despite its promising technology and product offerings, Newater has faced financial challenges, including fluctuating stock prices and varying levels of profitability. As of the latest updates, the company continues to focus on expanding its market reach and improving its financial performance through innovation and strategic partnerships.

Deck

51Job, Inc.

About

51Job, Inc. is a leading provider of integrated human resource services in China, founded in 1998 and headquartered in Pudong, Shanghai. The company offers a range of services including online recruitment, executive search, training, and HR outsourcing. Its platforms, such as 51job.com, cater to millions of users, providing job listings and career development resources.

In 2021, 51Job reported revenue of ¥4.4 billion and a net income of ¥608.9 million. The company went private in 2022 following an acquisition by Garnet Faith Limited.

Deck

Tarena International, Inc.

About

Tarena International, Inc., recently rebranded as TCTM Kids IT Education Inc., is a leading provider of IT professional education and IT-focused supplementary STEAM education services in China. Founded in 2002 and headquartered in Beijing, Tarena operates through an innovative education platform that combines live distance instruction, classroom-based tutoring, and online learning modules. This approach allows them to offer a variety of professional education courses in both IT and non-IT subjects, equipping students with practical skills needed for industries with significant growth potential and strong hiring demand.

The company also focuses on IT supplementary STEAM education, including computer coding and robotics programming, targeting students aged 3 to 18. These programs aim to foster logical thinking and learning abilities, encouraging a “code to learn” mindset among young learners.

Tarena has undergone a significant rebranding and restructuring process, changing its legal name and ticker symbol to reflect its focus on IT and STEAM education for children. This move is part of their broader strategy to align their brand identity with their core educational offerings.

Deck

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About Duff and Phelps investment banking (Kroll)

Important Note: Duff & Phelps rebranded globally to Kroll in 2021. Therefore, the entity formerly known as “Duff and Phelps investment banking” now operates as Kroll’s Corporate Finance practice. This summary reflects that current structure and branding, while acknowledging the Duff & Phelps legacy.

About Kroll (Corporate Finance / formerly Duff & Phelps Investment Banking – Early 2025)

Kroll’s Corporate Finance practice, which incorporates the legacy Duff & Phelps investment banking operations, is a leading global advisor focused primarily on the middle market. As of early 2025, it provides M&A advisory (sell-side and buy-side), capital raising (debt and equity placements), and financial restructuring services. A key differentiator is its integration with Kroll’s broader platform, leveraging market-leading expertise in valuation, transaction opinions (fairness and solvency – a traditional Duff & Phelps strength), financial due diligence, and specialized industry insights to support M&A processes. The practice serves middle-market companies, private equity firms investing in this segment, and divisions of larger corporations globally.

Rankings (2024 & Early 2025)

Kroll’s Corporate Finance practice competes predominantly in the middle market and related transaction advisory services, not typically appearing in league tables dominated by multi-billion dollar deals.

• Middle Market M&A: Kroll consistently ranks as a top M&A advisor in the US middle market based on deal count. For 2024, it frequently placed among the Top 5 or Top 10 most active advisors in this segment according to specialized league tables (e.g., Refinitiv, Pitchbook). Its strength lies in the volume and frequency of transactions handled within this specific market segment.
• Transaction Opinions: Continuing the strong legacy of Duff & Phelps, Kroll remains a global leader (often #1 or Top 3) in providing fairness and solvency opinions by volume, highlighting its deep valuation expertise linked to M&A.
• Global/US Large-Cap: Not typically ranked in the Top 15 for overall global or US announced M&A value league tables.

Early indications for 2025 show Kroll maintaining its high activity level and prominent position within the middle-market M&A ecosystem.

Key Changes (2024 & Early 2025)

• Leveraging the Kroll Brand: Continued focus throughout 2024 on operating cohesively under the unified Kroll brand, emphasizing the benefits of integrating M&A advisory with Kroll’s other services (valuation, due diligence, risk, cyber) for middle-market clients.
• Strategic Sector Hires: Ongoing recruitment of experienced Managing Directors with specific industry expertise (e.g., Technology, Healthcare, Industrials, Consumer) remained a key driver for enhancing advisory capabilities within relevant middle-market verticals.
• Focus on Integrated Service Delivery: Increased emphasis on offering clients bundled solutions that combine M&A advisory with pre- and post-transaction services like valuation, due diligence, and integration support, leveraging the broader Kroll platform.
• Firm-wide Growth (Indirect Impact): Kroll, the parent company, may have made strategic acquisitions in related consulting or technology fields during this period, which could indirectly provide new tools, data, or expertise accessible to the Corporate Finance team.
• Leadership Consistency: No major, widely publicized overhauls of the top leadership specifically within the Corporate Finance/Investment Banking practice were noted during this period, suggesting relative stability.

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).