KCL Law has helped a long-standing client acquire a presale residential property staging and styling business in Melbourne and Adelaide.
The firm advised Johns Lyng DFS, a subsidiary of ASX-listed Johns Lyng Group (JLG), on its acquisition of a 57% stake in Dressed for Sale. As part of the stake acquisition, JLG intends to invest $2m, including $1.3m for growth initiatives. Dressed for Sale – which has grown more than 25% every year since 2015 – will be integrated into the home-maintenance arm at JLG.
KCL’s team was headed by special counsel Roger Rothfield, who was supported by associate Girish Rao. The Melbourne-based firm said that its team handled the whole acquisition and the due diligence reporting obligations for the transaction.
The firm said that it has a long-standing relationship with JLG and looks forward to providing a range of legal assistance to its client.