☕ Lambo guy

Good morning. In case you missed it last week, a 34yo dude (aka Lambo guy) had a $3m McLaren craned into his $39m Melbourne penthouse — an apartment he's casually calling a "weekender". The guy is behind LMCT+ Group which is reportedly up for sale.  On the footy tipping front... almost everyone got tripped up by the Geelong and Sydney upsets, but @Tim Cudlipp continues to lead the comp by 2 with a total score of 62. 

Good morning. In case you missed it last week, a 34yo dude (aka Lambo guy) had a $3m McLaren craned into his $39m Melbourne penthouse — an apartment he's casually calling a "weekender". The guy is behind LMCT+ Group which is reportedly up for sale. 

On the footy tipping front... almost everyone got tripped up by the Geelong and Sydney upsets, but @Tim Cudlipp continues to lead the comp by 2 with a total score of 62. 

—

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Market news: REA Group dropped a trading update on Friday morning which showed revenue for the 9 months of the FY so far was up 2% to $887m, but EBITDA was off 5% to $495m.

A slowdown locally was partially offset by massive growth in its much smaller, but growing Indian business.

Aussie listings declined 12% in Q3 across Australia — with Sydney down 20% and Melbourne down 18%. Whereas REA India delivered 63% revenue growth YoY.

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  • Perfect storm: How a blizzard bonanza came back to bite Macquarie. (SMH)

  • Private equity firms are undergoing remarkable change as deal teams skew younger. (AFR)

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 M&A:

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  • PointsBet is close to finalising a deal to be acquired by Jay-Z backed Fanatics. (SMH | Australian)

  • St Barbara is poised to knock back the revised proposal lobbed by Silver Lake. (AFR)

    • Bell Potter backs Genesis Minerals against Silver Lake in St Barbara battle. (The Australian)

  • Brett Blundy’s BBRC group is ready to pounce on City Chic. (The Australian)

  • IGO Limited has sold into the Wyloo Metals bid for Mincor Resources. (AFR | The Australian)

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 Capital Markets:

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VC:

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Others:

  • Clayton Utz is understood to have landed a role advising on the local insolvency of Jenny Craig. (The Australian)

  • Village Roadshow co-founder is teaming up with Bob Osher and David Burdge to launch the Australian Entertainment Partners Screen Fund. (AFR)

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