You have 0 free articles left this month.
SME Law

ASX-listed subsidiary acquires stake in Dressed For Sale

KCL Law has advised a subsidiary of ASX-listed company Johns Lyng Group Limited on its acquisition of a stake in Dressed For Sale.

March 07, 2019 • By Emma Musgrave
Share this article on:
Facebook X LinkedIn
ASX
expand image

Firm: KCL Law (Johns Lyng DFS Pty Ltd (JLG))

This content is available exclusively to Lawyers Weekly premium members.
Deal: Johns Lyng DFS Pty Ltd has acquired a controlling stake totaling 57 per cent in Dressed For Sale.

 
 

Value: As part of the deal, JLG intends to invest $2 million which includes approximately $1.3 million in capital earmarked for growth initiatives.

Area: M&A

Key players: The KCL Law team was led by special counsel Roger Rothfield, with assistance from associate Girish Rao.

Deal significance: Johns Lyng DFS Pty Ltd is a subsidiary of ASX-listed company Johns Lyng Group Limited (JLG).

Dressed For Sale is a pre-sale residential property staging and styling business based in Melbourne and Adelaide.

Discover logo VIEW ALL

“The strategic acquisition by JLG will see Dressed For Sale integrate with JLG’s existing home maintenance service offering — which includes RestorX, Global Home Response and Johns Lyng Express Builders — providing a more comprehensive full service offering to property vendors and a sound platform for growth,” said a statement from KCL Law.

“We were delighted to act for JLG in acquiring its stake in Dressed For Sale as the target business has such clear synergy with the JLG operations,” added lead lawyer Roger Rothfield.

Want to see more stories from trusted news sources?
Make Lawyers Weekly a preferred news source on Google.
Click here to add Lawyers Weekly as a preferred news source.

Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Know More
Tags