Pacific Equity Partners zeros in on Johns Lyng Group
A more than 50 per cent decline in Johns Lyng Group’s share price this year has one local private equity group amped up about a potential turnaround.
Street Talk has reported the $719 million market cap property services business has fielded an approach from buyout giant Pacific Equity Partners. It is understood PEP dealmakers Matt Robinson and Shannon Wolfers have been around the business since last year and have secured exclusivity.
Of note, PEP does not typically approach public-to-private deals without certainty of completion, including garnering the support of major shareholders. Case in point is last year’s public-to-private of SG Fleet, which completed in May.
A Johns Lyng Group spokesperson declined to comment.
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Last
$2.86 |
Change
-0.070(2.39%) |
Mkt cap ! $804.8M | |||
| Open | High | Low | Value | Volume |
| $2.96 | $2.98 | $2.84 | $6.496M | 2.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 31043 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 664 | 2 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| JLG (ASX) Chart |