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Johns Lyng agrees to $1.3b takeover bid from private equity suitor

Kylar Loussikian

Johns Lyng Group says it has agreed to sell itself to Pacific Equity Partners in a deal that values the building services business at $1.3 billion.

The company had a market capitalisation of $719 million last month. That was before The Australian Financial Review’s Street Talk column revealed it had been approached by a private equity firm which had secured the exclusive right to conduct due diligence on the business, ahead of a formal bid.

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Kylar Loussikian is the Financial Review’s deputy editor – business. Email Kylar at kloussikian@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/johns-lyng-agrees-to-1-3b-takeover-bid-from-private-equity-suitor-20250711-p5me7n