H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $70 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of the France Workwear business from Rentokil Initial. The business will be rebranded and operate under a new name in early 2026.

Headquartered in France, France Workwear is a leading provider of full-cycle textile services, specialising in the design, rental, and laundry/repair of workwear, flat linen, and hygiene solutions. It combines scale, service quality, and sustainability to deliver mission-critical services across 34 sites and a nationwide logistics network. France Workwear serves over 21,000 customers across diverse industries through long-term subscription contracts, with high levels of customer retention.

Fabrice Shoshany, CEO of France Workwear, stated: "We are proud to join the H.I.G. family and grateful for their confidence in our strategy and commitment to our future. This partnership marks the start of a new chapter for France Workwear – one where we will strengthen our leadership in textile rental services, broaden our focus on innovation and sustainability, and continue to deliver exceptional value to our clients, partners, and employees across and beyond France. We are already recognised as a leader in PPE, cleanrooms, and traceability, and with H.I.G.'s support, we will further strengthen our position as the industry benchmark."

Tobias Borkowski, Managing Director at H.I.G., commented: "France Workwear has long been recognised as a foundational player in the French textile services market, providing mission-critical workwear, flat linen, and hygiene solutions across a diverse range of industries. With a resilient subscription-based model, strong market position, and a clear strategy for growth, we believe the business is well-positioned to thrive as an independent platform and accelerate its scale across Europe."

Markus Noe-Nordberg, Managing Director and Head of H.I.G. Europe Middle Market Private Equity, added: "We are thrilled to have the opportunity to invest in France Workwear, a business at the forefront of textile rental services with an exceptional track record of quality and innovation. H.I.G.'s experience in scaling businesses and executing corporate carve-outs positions us well to support France Workwear's transition as an independent business and to drive its next phase of growth."

H.I.G. was advised by Jefferies and Santander.