Finance
UK's Rentokil to sell French workwear business in $464 million deal
Published by Global Banking & Finance Review®
Posted on May 28, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 28, 2025
1 min readLast updated: January 23, 2026
Rentokil Initial is selling its French workwear business to H.I.G. Capital for $464 million, focusing more on pest control and hygiene sectors.
(Reuters) -British pest control company Rentokil Initial said on Wednesday it would sell its workwear, flat linen and clean room business in France to H.I.G. Capital in a deal that values the business at about 410 million euros ($463.8 million).
The sale positions the company "more clearly as a streamlined pest and hygiene & wellbeing business", it said in a statement. Rentokil's $6.7 billion acquisition of Terminix in 2021 made it the largest player in the U.S. pest control market.
Rentokil said it expects net cash proceeds of about 370 million euros from the sale, which it will use to pay down debt and invest in bolt-on mergers and acquisitions.
The French workwear business made up about 6% of the company's total revenue last year.
($1 = 0.8840 euros)
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Savio D'Souza and Rashmi Aich)
Rentokil is selling its workwear, flat linen, and clean room business in France.
H.I.G. Capital is acquiring Rentokil's French workwear business.
The deal is valued at $464 million.
Rentokil expects to use the net cash proceeds of about 370 million euros to pay down debt and invest in mergers and acquisitions.
The French workwear business accounted for about 6% of Rentokil's total revenue last year.
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