Cinven completed the acquisition of JLA from HG Capital.

Cinven, an international private equity firm, completed the acquisition of JLA, a critical asset supply and services business for laundry, catering and heating in the UK, from HG Capital, a private equity. Financial terms were not disclosed. “Under the leadership of its strong management team, JLA is a well-run, defensive business with a diversified and loyal customer base. We believe JLA has an excellent platform to support its further growth ambitions, including its national engineering platform and sales and marketing capabilities. Cinven’s strategy is to invest in JLA to support the Group’s organic growth – both in its existing core products of laundry and catering solutions and in new areas, including heating and fire safety. We also see a great opportunity for continued growth through buy and build,” Rory Neeson, Cinven Partner.