KCL helps buy majority stake in property-staging business

by |

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.

Roger Rothfield

Australasian Lawyer forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions