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look at value. 6. One other note that is relevant to us, is that when Elite Models in Europe contacted us with an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less than $100 million (which at the time was a +10x synergy-adjusted
4. We invested $18 million for a 42% stake in the business, implying an enterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have resulted in $18 million in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as you
ook at value. 6. One other note that is relevant to us, is that when Elite Models in Europe contacted us with an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less than $100 million (which at the time was a +10x synergy- adjust
. We invested $18 million for a 42% stake in the business, implying an enterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have resulted in $18 million in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as y
look at value. 6. One other note that is relevant to us, is that when Elite Models in Europe contacted us with an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less than $100 million (which at the time was a +10x synergy-adjusted
4. We invested $18 million for a 42% stake in the business, implying an enterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have resulted in $18 million in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as you
look at value. 6. One other note that is relevant to us, is that when Elite Models in Europe contacted us with an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less than $100 million (which at the time was a +10x synergy-adjusted
4. We invested $18 million for a 42% stake in the business, implying an enterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have resulted in $18 million in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as you
inding it difficult to get to more than a 15 million total valu= for Next ( not including liabilities). The 18 million dollar bid that you=mentioned Faith said was hardly legitimate. I think further review =f the accounting tax etc. is probably a waste of all our time. As yo= rightly said, what you ini
4. We invested =18 million for a 42% stake in the business, implying an enterprise value o= $42.9 million. S. We =eceived a bona fide offer from OpenGate Capital which would have resulted =n $18 million in proceeds for us (and in fact a $17 million distribution t= Faith and Joel), and while they were, as you
ook at value. 6. = One other note t=at is relevant to us, is that when Elite Models in Europe contacted us with=an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less t=an $100 million (which at the time was a +10x synergy-adjusted
= We invested $18=million for a 42% stake in the business, implying an enterprise value of $4=.9 million. 5. = We received a b=na fide offer from OpenGate Capital which would have resulted in $18 millio= in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as you
look at value. 6. One other note that is relevant to us, is that when Elite Models in Europe contacted us with an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less than $100 million (which at the time was a +10x synergy-adjusted
4. We invested $18 million for a 42% stake in the business, implying an enterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have resulted in $18 million in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as you
look at value. 6. One other note that is relevant to us, is that when Elite Models in Europe contacted us with an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less than $100 million (which at the time was a +10x synergy-adjusted
4. We invested $18 million for a 42% stake in the business, implying an enterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have resulted in $18 million in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as you
look at value. 6. One other note that is relevant to us, is that when Elite Models in Europe contacted us with an interest in buying the company, Faith told me to relay to them that they would not contemplate selling to Elite for less than $100 million (which at the time was a +10x synergy-adjusted
4. We invested $18 million for a 42% stake in the business, implying an enterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have resulted in $18 million in proceeds for us (and in fact a $17 million distribution to Faith and Joel), and while they were, as you
look at =alue. 6. One other note that is relevant to us, is that when Elite Models in Europe =ontacted us with an interest in buying the company, Faith told me to =elay to them that they would not contemplate selling to Elite for less =han $100 million (which at the time was a +10x synergy-adjusted
4. We invested $18 million for a 42% stake in the business, implying an =nterprise value of $42.9 million. 5. We received a bona fide offer from OpenGate Capital which would have =esulted in $18 million in proceeds for us (and in fact a $17 million =istribution to Faith and Joel), and while they were, as you
Entities connected to both Faith and OpenGate Capital

Jeffrey Epstein
PERSON
Richard Kahn
PERSONNeale Attenborough
PERSON
Marc Rich
PERSONChris Lawler
PERSONTTM EBITDA
ORGANIZATIONElite Models
ORGANIZATION
Elite
PERSONTyler Shean
PERSON
Wilhelmina
ORGANIZATIONmore.&nb
ORGANIZATIONEquity Value
ORGANIZATIONCreative Artist= Agency
ORGANIZATION