At what enterprise value was RENTOKIL INITIAL WORKWEAR FRANCE acquired in 2025?

You can find the full valuation details of RENTOKIL INITIAL WORKWEAR FRANCE on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of RENTOKIL INITIAL WORKWEAR FRANCE when it was acquired by HIG CAPITAL?

The estimated EV/EBITDA multiple for RENTOKIL INITIAL WORKWEAR FRANCE is in the range of 5x - 12x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

What was the EBITDA of RENTOKIL INITIAL WORKWEAR FRANCE during the acquisition?

RENTOKIL INITIAL WORKWEAR FRANCE's EBITDA is estimated to be in the range of 25M - 50M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the RENTOKIL INITIAL WORKWEAR FRANCE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the RENTOKIL INITIAL WORKWEAR FRANCE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.ajbell.co.uk/news/articles/rentokil-initial-gets-eu370-million-workwear-unit-sale-france

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Home Database Business ServicesRENTOKIL INITIAL WORKWEAR FRANCE

09/2025

RENTOKIL INITIAL WORKWEAR FRANCE acquired by HIG CAPITAL

FRANCE Facility Management / Maintenance / Industrial Cleaning EV 300M - 700M EUR

Context

H.I.G. Capital has acquired Rentokil Initial’s Workwear business in France. The strategic rationale for the divestment is to streamline Rentokil Initial's portfolio, allowing the group to focus exclusively on its core market-leading Pest Control and Hygiene & Wellbeing segments. For H.I.G. Capital, the acquisition represents a strategic entry into the French textile services market, providing a high-quality platform with recurring revenues and mission-critical services. The deal was supported by bespoke financing from CVC Credit. This carve-out significantly improves Rentokil’s capital efficiency by reducing annual CapEx requirements and is expected to boost the group's free cash conversion margin by approximately 100 basis points.

RENTOKIL INITIAL WORKWEAR FRANCE, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Business Services market trends

Target

Rentokil Initial's France Workwear division is a market leader in the French textile rental and hygiene services sector. Its business model is based on a recurring subscription framework, providing full-cycle textile services including the design, rental, laundry, and repair of workwear, flat linen, and specialized cleanroom garments. The unit's value proposition is anchored in mission-critical reliability and sustainability, serving over 21,000 customers across diverse industries through a nationwide logistics network. Strategically, the company maintains high customer retention (approx. 88%) and operates 34 specialized sites. Following the carve-out, the business will be rebranded to operate as an independent entity, focusing on scaling its leadership in the highly consolidated French textile services market.

Ent. Value

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Multiples

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Historical Financials (EUR)

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2025

2024

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REFERENCES

Valuation range: EV 300M - 700M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of RENTOKIL INITIAL WORKWEAR FRANCE by HIG CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: hig capital