2 days ago
- Business
- AU Financial Review
PEP finds a perfect private-equity target in ASX darling-turned-dog
It's funny how life works. Late last month, news broke that Scott Didier, the managing director and talisman of ASX-listed building group Johns Lyng Group, had spent a staggering $140 million to buy one of Australia's most iconic pubs, The Beach Hotel in Byron Bay.
Two weeks later, Johns Lyng, in which Didier holds an 18 per cent stake, is in the sights of local private equity giant Pacific Equity Partners, in a deal that could value the business at just over $900 million.
