Pacific Equity Partners to acquire Johns Lyng Group for AUD 1.1bn.

Pacific Equity Partners, a private equity firm, agreed to acquire Johns Lyng Group, a property services company, for AUD1.1bn. “We are pleased that PEP has recognised the value of JLG’s integrated building services operations across Australia, New Zealand and the United States. The Scheme is an attractive transaction that provides JLG Shareholders with the opportunity to receive cash at a material premium," Peter Nash, Johns Lyng Group Chairman.