It is a Great time to Invest in Innovation,
technology and Startups!
Lebovich brothers Gabby and Hezzi and James Packer's
syndicate "Catch" are smiling as a result of MenuLog's $855m
sale.
This
reminds me of the heady days of the reverse auction land grabs spawned by
Groupon - such as Dean Mcevoys Spreets which sold for $40m in 2011.
The buying spree and the hype around the sector
has pushed valuations into the stratosphere.
GrubHub, which was floated in April 2014 in
New York, is worth $US3.4 billion, having seen its shares jump by 50 per cent
in the last 12 months, trading on an EBITDA multiple of around 137 times,
Just Eat is trading on a multiple of EBITDA of
about 47 times.
But that's nothing compared to the 371 times
MenuLog was purchased on.
There are a number of interesting opportunities
that will be manifesting in the next 12 months ......
Exciting times!!
If you are interested in more info - fee free to
contact me
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