HIG Capital to acquire workwear business of Rentokil Initial for $465m.

HIG Capital, a private equity and alternative assets investment firm, agreed to acquire workwear business of Rentokil Initial, a pest control, hygiene and wellbeing services provider, for $465m. “This is a win-win deal which will provide additional focus and support for France Workwear as a standalone business, while Rentokil Initial continues to focus on the range of growth opportunities in Pest Control and Hygiene & Wellbeing over the short, medium and longer term,” Andy Ransom, Rentokil Initial CEO.