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  "documentTitle": "Moelis & Company | Investment Banking Pitch Book | 24 slides",
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  "authorName": "Moelis & Company",
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  "presentationDate": "2016-05-01 00:00:00",
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  "density": "balanced",
  "nDataPoints": 100,
  "notes": "Includes valuation bridge (Equity Value to Enterprise Value) and multiple sensitivity analysis.",
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      "kind": "paragraph",
      "text": "Certain of Napa's operating statistics fall on the higher end of the range of those statistics for companies used in the Selected Public SaaS Companies and the Selected Precedent Transactions, and may justify utilizing materially higher multiples than the median multiples illustrated below",
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      "kind": "source-note",
      "text": "Source: Capital IQ, Napa and Selected Public SaaS Companies' Filings, Wall Street Research. 1. Selected Precedent Transactions premiums... 2. Assumes conversion... 3. NTM represents...",
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      "text": "Sensitivity table showing premiums, shares, equity value, debt/cash adjustments, enterprise value, and financial multiples across share prices from $77.49 to $130.00.",
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      "kind": "title",
      "text": "Illustrative Analysis at Various Napa Share Prices",
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