Court Greenlights Pacific Equity Partners’ Full Acquisition of Johns Lyng Group
The Supreme Court of New South Wales has approved the scheme for Pacific Equity Partners to acquire Johns Lyng Group, setting the stage for a significant ownership change and trading suspension on the ASX.
- Supreme Court approves scheme of arrangement for acquisition
- Pacific Equity Partners’ Sherwood BidCo to acquire 100% of Johns Lyng shares
- Scheme becomes legally effective upon ASIC lodgement on 14 October 2025
- Trading in Johns Lyng shares to be suspended from close of 14 October
- Implementation of scheme scheduled for 23 October 2025
Court Approval Marks Major Milestone
Johns Lyng Group Limited (ASX, JLG), a prominent player in the Australian building and construction sector, has reached a pivotal moment in its corporate journey. The Supreme Court of New South Wales has formally approved the scheme of arrangement that will see the company acquired entirely by Sherwood BidCo Pty Ltd, an entity controlled by Pacific Equity Partners. This judicial endorsement clears a critical regulatory hurdle, confirming the transaction’s legal footing and paving the way for the next steps in the acquisition process.
What This Means for Shareholders and the Market
With the court’s approval, the scheme is set to become legally effective once the official court orders are lodged with the Australian Securities and Investments Commission (ASIC) on 14 October 2025. From that point, Johns Lyng shares will be suspended from trading on the ASX, signaling the end of their public market availability. Shareholders will have their entitlements determined shortly after, on 16 October, before the scheme’s full implementation on 23 October. This sequence underscores a swift transition from public company to private ownership under Pacific Equity Partners’ stewardship.
Strategic Implications and Market Context
Pacific Equity Partners is known for its active management and value creation in portfolio companies, often driving operational improvements and strategic repositioning. For Johns Lyng, this acquisition could herald a new phase focused on growth and efficiency away from the quarterly pressures of public markets. However, the announcement leaves several strategic details undisclosed, including any planned changes to leadership or operational direction. Market participants will be watching closely for subsequent updates that clarify the future roadmap for the company.
Looking Ahead
The timetable remains indicative and subject to change, but the swift progression from court approval to scheme implementation suggests a well-orchestrated transaction. Investors and analysts will be keen to see how Pacific Equity Partners integrates Johns Lyng into its portfolio and what this means for the broader construction services sector. Meanwhile, the suspension of trading will remove Johns Lyng shares from the ASX, marking the end of an era for public investors.
Bottom Line?
Johns Lyng’s transition to private ownership is set to reshape its future, investors now await the next strategic moves.
Questions in the middle?
- What operational changes will Pacific Equity Partners implement post-acquisition?
- How will the acquisition impact Johns Lyng’s existing contracts and client relationships?
- Could this deal signal further consolidation in the Australian construction services sector?
