In the realm of mergers and acquisitions (M&A), investment banks are instrumental in facilitating transactions by identifying potential targets, valuing acquisitions, structuring deals, and guiding the purchasing process. The initial phase entails comprehending the client's objectives, which may include factors such as growth, valuation, or financial positioning; investment banks undertake thorough research to provide pertinent information aligned with the client's goals. For instance, should a client express concerns regarding the risks associated with a new business model, the investment banker would investigate competitors and analyze the novel business model, subsequently compiling a comprehensive report for the client. The subsequent step involves employing financial tools to assess the target's financial performance, a process that has been significantly enhanced by technological advancements. Furthermore, investment bankers engage in the identification of potential risks and opportunities through an analysis of global markets, economic trends, and M&A dynamics.