The Brief:
MinterEllison advised Johns Lying Group on its takeover by Pacific Equity Partners in a $1.3bn scheme of arrangement.
The firm has long advised JLG since its 2017 ASX listing.
MinterEllison won the mandate to act as legal adviser to Johns Lying Group on its takeover by Pacific Equity Partners.
The deal
Under the scheme, PEP acquired 100% of JLG at $4.00 per share, valuing the business at around $1.3bn enterprise value — representing a 70% premium to pre-NBIO share price.
All JLG shareholders received cash consideration, except for management and employee shareholders, who could elect to receive scrip in PEP.
The scheme was implemented on 23 October 2025.
The backdrop
Headquartered in Melbourne, JLG operates across Australia, New Zealand and the United States, offering integrated building and restoration services. The company is a critical player in post-disaster recovery, assisting insurers and property owners following major natural events.
PEP’s $1.3bn acquisition of JLG marks one of the largest take-privates of 2025 and hands the building services group a deep-pocketed backer to accelerate its next growth phase.
Who’s acting
MinterEllison advised Johns Lyng Group with a team led by Bart Oude-Vrielink, John Steven and Keith Tan, supported by Jarrod Sherwin, Phillip Martin and Mary Liu. The firm also drew on specialists across tax, disputes and AI.