Going Private • Construction

Pacific Equity Partners and CPP Investments Acquire Johns Lyng Group

On October 26, 2025, private equity firm Pacific Equity Partners and pension CPP Investments acquired construction company Johns Lyng Group for 1.3B AUD

Acquisition Context
  • This is Pacific Equity Partners’ 1st and CPP Investments’ 1st transaction in the Construction sector.
  • This is Pacific Equity Partners’ 3rd and CPP Investments’ 54th largest (disclosed) transaction.
  • This is Pacific Equity Partners’ 29th and CPP Investments’ 5th transaction in Australia.

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M&A Deal Summary

Date October 26, 2025
Target Johns Lyng Group
Sector Construction
Buyer(s) Pacific Equity Partners
CPP Investments
Deal Type Going Private
Deal Value 1.3B AUD
Advisor(s) Minter Ellison (Legal)

Target Company

Johns Lyng Group

Doncaster, Australia
Johns Lyng Group is a provider of building, restoration, and strata management services Johns Lyng Group was founded in 1953 and is based in Doncaster, Australia.
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Buyers Overview 2

Buyer

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.


Deal Context for Buyer #
Overall 39 of 39
Sector: Construction 1 of 1
Type: Going Private 7 of 7
Country: Australia 29 of 29
Year: 2025 2 of 2
Size (of disclosed) 3 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-16 Zenith Energy

Rivervale, Australia

Zenith specializes in the delivery of sustainable and reliable hybrid power solutions for remote, off-grid resource sector clients and urban microgrids for commercial, industrial, and residential precincts. Zenith Energy is based in Rivervale, Australia.

Sell -
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 175 of 176
Sector: Construction 1 of 1
Type: Going Private 34 of 34
Country: Australia 5 of 5
Year: 2025 12 of 13
Size (of disclosed) 54 of 60
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-19 OneDigital

Atlanta, Georgia, United States

OneDigital is a pure-play employee-benefits broker in the United States. OneDigital delivers benefits solutions for employers of all sizes through a sophisticated combination of strategic advisory services, proprietary technology, advanced analytics, compliance support, technical innovations and HR capital management tools. OneDigital was founded in 2000 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-24 Castrol

Sunbury-on-Thames, United Kingdom

Castrol is a global lubricants provider serving consumer automotive customers, as well as commercial and industrial end markets. The company works closely with its customers and consumers to develop and supply highly engineered lubricants for specific applications. It manufactures and markets engine oils, industrial fluids, and greases through approximately 20 blending plants and more than 100 third-party facilities and warehouses worldwide across 150 countries. Castrol is based in Sunbury-on-Thames, United Kingdom.

Buy $10.1B

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