Aug 2, 2026 – 5.01pmA lending syndicate led by investment bank Deutsche Bank will claw back more than $100 million from Jon Adgemis’ failed Public Hospitality Group after selling five Sydney pubs, as liquidators this week start examining the group’s collapse.The sale price for the group of pubs is less than a third of the $371 million the lending syndicate is owed, according to a personal bankruptcy trustee’s report from last August, and do not include any additional money lent for construction or other fees.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Deutsche Bank syndicate claws back $109m from failed Adgemis empire
The syndicate took control of five pubs that were part of Jon Adgemis’ Public Hospital Group. They have sold, as public examinations into the group start this week.
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