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Book covered for Johns Lyng’s $65m raise, pricing to follow

Johns Lyng Group’s $65 million cash call to bankroll acquisitions was met with strong investor demand on Wednesday morning, with its broker JPMorgan mailing out a book-covered message an hour after launch.

Scott Didier has ordered a $65 million raising to build Johns Lyng’s strata services business. Paul Jones

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/book-message-johns-lyng-65m-raising-covered-pricing-to-follow-20230705-p5dlux