H.I.G. Capital, a leading global alternative investment firm that manages $70 billion in assets, has acquired the France Workwear business from Rentokil Initial.
This strategic acquisition marks a significant expansion for H.I.G. and reflects its commitment to investing in high-quality service providers within critical industries. The France Workwear business is set to undergo a rebranding and will operate under a new name, effective in early 2026.
The France Workwear business is renowned for providing comprehensive textile services, which encompass the design, rental, laundry, and repair of essential items such as workwear, flat linen, and hygiene solutions.
Based in France, the company has built a strong reputation through its commitment to scalability, service quality, and sustainability. It operates from 34 locations across the country and boasts an extensive logistics network that enables it to deliver vital services efficiently and effectively.
With a customer base of over 21,000 clients spanning various industries, France Workwear has established long-term subscription contracts that ensure high levels of customer satisfaction and retention.
This acquisition not only enhances H.I.G. Capital’s portfolio but also positions France Workwear for further growth and innovation in the textile services sector. Through this new chapter, the company aims to continue meeting the evolving needs of its diverse clientele while maintaining its focus on sustainability and quality.
Advisors: H.I.G. was advised by Jefferies and Santander.
KEY QUOTES:
“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.”
Fabrice Shoshany, CEO of France Workwear
“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.”
Tobias Borkowski, Managing Director at H.I.G.
“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.”
Markus Noe-Nordberg, Managing Director and Head of H.I.G. Europe Middle Market Private Equity
