Debt-laden Adgemis mortgages mum’s and grandmother’s homes

Jon Adgemis, the former KPMG dealmaker turned publican, has used his mother’s and grandmother’s homes as security for loans as his hospitality empire struggles with debt.

The Australian Financial Review’s Street Talk column reported on Sunday that Mr Adgemis and his Public Hospitality Group remained locked in discussions with Bain Capital and Madigan Capital over a $500 million debt refinancing package.