H.I.G. Capital Enhances Market Position with France Workwear Deal
H.I.G. Capital Completes Acquisition of France Workwear
LONDON — H.I.G. Capital, a distinguished global alternative investment firm overseeing an impressive $70 billion in capital, has successfully completed the acquisition of the France Workwear business from Rentokil Initial. This strategic move will enable the business to rebrand and adopt a new identity in early 2026.
France Workwear stands as a prominent provider of comprehensive textile services, focusing on the design, rental, and laundry services for workwear, flat linen, and hygiene solutions. The company excels in delivering quality services, emphasizing sustainability, and operates across 34 locations with an extensive logistics network. France Workwear proudly serves over 21,000 clients from various industries, backed by long-term subscription contracts that ensure high customer retention.
Fabrice Shoshany, the CEO of France Workwear, expressed enthusiasm about joining the H.I.G. family. He remarked, "We are proud to join the H.I.G. family and are grateful for their confidence in our strategy and commitment to our future. This partnership marks a pivotal moment for France Workwear — one where we will strengthen our leadership in textile rental services and focus on innovation and sustainability while delivering exceptional value to our clients, partners, and employees. We are recognized as a leader in PPE, cleanrooms, and traceability, and with H.I.G.'s backing, we aim to further solidify our role as the industry's benchmark."
Tobias Borkowski, Managing Director at H.I.G., commented on the acquisition, stating, "France Workwear is a foundational player in the French textile services sector, providing essential workwear, flat linen, and hygiene solutions across diverse industries. With a robust subscription model, strong market presence, and a clear growth strategy, we believe the business is well-equipped to thrive independently and expand its reach across Europe."
Markus Noe-Nordberg, Managing Director and Head of H.I.G. Europe Middle Market Private Equity, shared his excitement, stating, "We are thrilled to invest in France Workwear, a leader in textile rental services known for quality and innovation. H.I.G.'s expertise in scaling businesses and executing corporate carve-outs uniquely positions us to support France Workwear during this transition and drive its next growth phase."
H.I.G. received advisory support from Jefferies and Santander during this acquisition process.
About France Workwear
France Workwear is recognized for its extensive range of full-cycle textile services, specializing in workwear, flat linen, and hygiene solutions. Operating through a robust nationwide network, France Workwear implements a resilient subscription-based model catering to clients across various sectors. The company's core values emphasize service excellence and sustainability, enabling customers to operate efficiently and responsibly.
About H.I.G. Capital
Founded in 1993, H.I.G. Capital is a premier global alternative investment firm with $70 billion in capital under management. The firm is headquartered in Miami, with offices across various U.S. cities, as well as international locations in Europe and South America. H.I.G. partners with middle-market companies by providing flexible financing solutions, including equity and debt capital, focusing on operational enhancements and value addition.
H.I.G.'s diverse investment portfolio encompasses management buyouts, recapitalizations, and corporate carve-outs of both profitable and underperforming businesses across manufacturing and service sectors. The firm's debt funds offer senior, unitranche, and junior debt financing, while their real estate funds focus on value-added properties requiring enhanced management practices and infrastructure investments.
With a successful track record, H.I.G. has invested in and managed over 400 companies globally, boasting a current portfolio of more than 100 firms with combined sales exceeding $53 billion.
Contact:
Tobias Borkowski
Managing Director
H.I.G. Capital
10 Grosvenor Street
2nd Floor
London W1K 4QB
United Kingdom
P: +44 (0) 207 318 5700
Markus Noe-Nordberg
Managing Director
H.I.G. Capital
Frequently Asked Questions
What is the significance of H.I.G. Capital's acquisition of France Workwear?
The acquisition allows H.I.G. to expand its service offerings within the textile industry, enhancing their portfolio and positioning in the market.
What services does France Workwear provide?
France Workwear specializes in design, rental, laundry, and repair services for workwear, flat linen, and hygiene solutions across various industries.
How many clients does France Workwear serve?
France Workwear caters to over 21,000 customers through long-term subscription contracts that promote strong customer retention.
What are H.I.G. Capital's investment focus areas?
H.I.G. Capital invests in middle-market companies, providing both debt and equity capital, and focuses on operational enhancements and value addition.
When will France Workwear undergo its rebranding?
France Workwear is expected to rebrand and operate under a new name in early 2026 following the acquisition.
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