On John McGrath from the AFR:
McGrath Estate Agents is bulking up and plans to penetrate the Melbourne market ahead of a potential $200 million initial public offering.
Street Talk understands the group, run by high-profile real estate agent John McGrath, is looking at acquiring a business with earnings of $5 to $10 million before the possible float, which has been earmarked for late October or early November. Sources said McGrath would be unlikely to pay more than 4 to 5 times earnings and does not need a deal.