Court approves Scheme for Johns LYNG Group Ltd
Key points
- Supreme Court of New South Wales approves scheme of arrangement
- Sherwood BidCo Pty Ltd, owned by Pacific Equity Partners, to acquire 100% of JLG shares
- Scheme to become legally effective on 14 October 2025
Full summary
Johns Lyng Group Limited (JLG) has announced that the Supreme Court of New South Wales has today made orders approving the scheme of arrangement between JLG and its shareholders. Under the scheme, Sherwood BidCo Pty Ltd (Bidder), an entity owned and controlled by funds managed and advised by Pacific Equity Partners Pty Limited, will acquire 100% of the shares in JLG. The scheme is expected to become legally effective on Tuesday, 14 October 2025, at which time JLG Shares will be suspended from trading on ASX. An indicative timetable of the key remaining dates for implementation of the Scheme has been provided, including the Implementation Date of Thursday, 23 October 2025. The release of this announcement was authorised by the Independent Board Committee of Johns Lyng Group Limited.
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