This document summarizes the key functions and operations of the mergers and acquisitions (M&A) advisory division of investment banks. It discusses how M&A advisory provides strategic advice and financial analysis to corporations on deals. It also outlines the typical deal team structure and process, from target identification to post-close integration. Additionally, it notes that demand for M&A advisory depends on business and economic cycles and that investment banks focus on high-value deals with select clients.

1. Service Operations in M&A Advisory function of Investment Banks Saurabh Ranadive Sarang Bhutada Service Operations – MS556

7. Asset Portfolio strategy Executive Management Line of business IT organisation - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Target Identification Valuation Screening Regulatory checks Bid Financing strategies Analytics Market Research Negotiation Legal compliance Synergy Evaluation Advisory Deal Communication Operational Due Diligence Tax Audit Technology Due Deligence Transformation & Consulting Regulatory Compliance Strategic Integration Operational Management Integration Planning and Implementation Integration Execution Application Modernization Consolidation Outsourcing Divestment & Exit Synergy Review Post Close Business Review Operational Model Design Detailed Business Plans Reports and Dashboards

8. Critical Success Factors

10. Bank Selection Criteria ** Source:Marketing and investment banking II: relationships and competitive advantage by Peter W. Turnbull and Theofanis Moustakatos

11. Critical Success Factors