3
Shared Docs
3
Same-Page
3 / 3
Mentions
llion. 3.<=span> 4) The past three comparable transactions for c=mpanies in this market average an enterprise value at -10x multiple of EBI=DA a. Wilhelmina: 7x (av=rage meaningful trading multiple since 2010) b.<=pan style="font-size:7pt;color:rgb(31,73,125)"> 40 Creative Artists Agency: 10x (TPG acqui
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
llion. 3. = The past three c=mparable transactions for companies in this market average an enterprise va=ue at - 10x multiple of EBITDA a. =nbsp; Wilhelmina: 7x (=verage meaningful trading multiple since 2010) b. =nbsp; Creative Artist= Agency: 10x (TPG acquisition, 2014) c. =nbsp; IMG: 13x (WME a=quisi
= 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
illion. 3. = The past three c=mparable transactions for companies in this market average an enterprise va=ue at —10x multiple of EBITDA a. =nbsp; Wilhelmina: 7x (=verage meaningful trading multiple since 2010) b. =nbsp; Creative Artist= Agency: 10x (TPG acquisition, 2014) c. =nbsp; IMG: 13x (WME a=quisi
= 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
Entities connected to both Wilhelmina and OpenGate Capital

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