EFTA02594251.pdf

From: Eileen Alexanderson < Sent: Wednesday, November 5, 2014 12:16 AM To: Richard Joslin Cc: Jeffrey Epstein Subject: KUE I am preparing fuller summary but want to communicate info relevant to the =f model you have in progress. Guidance from Stan Maron was as follows: -KUE hopes to have the International business sold by year end with proceed= of $400 mil. This would imply a distribution to Black Family Partners of =pprox $5.7 mil. I am not inclined to book into 4Q cash flow since we are n=w in November and deal is not signed. Would feel better to assume 1Q15. -They hope to monetize the Propco unit sometime in 2015 via sale of the com=any's real estate assets to a REIT. Their Estimated value is $500mil ($7.1=il to BFP) but no LOI on this yet, just some early discussions. Also, ther= was mention of possibility that monetization of RE could come in the form=of cash and/or equity. -Sale of core early child care learning center business would be further ou= b /c ebitda is still on the mend after a rough spot but there is incentiv= to get the first two deals closed b/c extension of the LP life past Oct 2=15 is dependent on those sales being done. Sent from my iPhone=?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>306190</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1415146588</integer> <key>flags</key> <integer>8590195717</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>453092</string> </dict> </plist> 1 EFTA_R1_01778028 EFTA02594251