Established in 1953, Johns Lyng Group (JLG) is a market-leading provider of integrated building services, specialising in insurance-related repair and restoration across residential, commercial and industrial properties. With diversified operations spanning 29 brands across Australia, New Zealand and the United States, JLG has demonstrated strong growth and consistent performance in recent years.
The transaction positions JLG for its next phase of growth under private ownership and reinforces PEP’s continued success in listed take privates.
The G+T team advising PEP on corporate matters was led by Partners Costas Condoleon, Hiroshi Narushima and Wes Bainbridge, supported by lawyers Jasmine Haddad, Maria Bletsas, Noah Solomon, Sam Lee, Dan Smailes, Nancy Ma, Hannah Pearson and Abbey Stewart.
The banking elements of the transaction were led by Partner and Head of Banking Gail Christopher, supported by lawyers Victor Salman, Emily Donaldson and Matthew Wu.
Costas Condoleon and Hiroshi Narushima commented:
“We are delighted to be supporting PEP on this significant public markets transaction and to have worked closely with its terrific team on structuring the transaction, negotiating the various transaction documents and reviewing JLG’s operations across Australia, New Zealand and the United States.”
This transaction builds on G+T’s strong track record supporting PEP on a series of transformative deals, including the acquisition of ATOM Group, and the debt financing for the acquisitions of FMH Group and Healthia.
The scheme is subject to regulatory and shareholder approval.
