#H.I.G. Capital #London #UK #Investment Firm #France Workwear

H.I.G. Capital Completes Acquisition of France Workwear

On October 1, 2025, H.I.G. Capital, a prominent global alternative investment firm managing around $70 billion, proudly announced the completion of its acquisition of France Workwear, a business previously owned by Rentokil Initial. This strategic move indicates H.I.G.'s intent to reinforce its capabilities in the textile services sector, focusing on innovation and sustainability. In early 2026, the acquired business will undergo a rebranding process and operate under a new name.

France Workwear: A Leader in Textile Services

Headquartered in France, France Workwear is recognized as a key provider of comprehensive textile services, excelling in the design, rental, and laundering of workwear, along with flat linen and hygiene solutions. The company's robust operations stretch across 34 locations in France, supported by an extensive logistics network. France Workwear serves a diverse clientele of over 21,000 customers through long-term subscription contracts, boasting impressive customer retention rates.

Fabrice Shoshany, CEO of France Workwear, expressed enthusiasm about joining the H.I.G. family. He stated, "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."

Strategic Goals for Growth

With H.I.G.'s backing, France Workwear aims to enhance its already strong standing in sectors including personal protective equipment (PPE), cleanrooms, and traceability. The focus will shift to increasing their market influence through innovative approaches and sustainable practices.

Tobias Borkowski, Managing Director at H.I.G., acknowledged the significant role of France Workwear in the French textile services market, noting its essential contributions across various 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," Borkowski stated.

Markus Noe-Nordberg, also a Managing Director at H.I.G., expressed his excitement: "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."

A Partnership Built on Strength

H.I.G. Capital's acquisition of France Workwear reflects their strategy of empowering firms through financial support and operational expertise. This partnership is expected to enhance the operational efficiencies of France Workwear while allowing them more freedom to innovate and adapt to market needs.

With a track record of managing and investing in over 400 companies across the globe since its inception in 1993, H.I.G. Capital continues to leverage its extensive experience to drive growth in its portfolio companies. The firm specializes in providing both debt and equity capital to middle-market companies, showcasing a flexible and operation-focused approach.

As the textile services market evolves, the collaboration between H.I.G. Capital and France Workwear marks the beginning of a promising journey toward stronger market positioning and enhanced service offerings, emphasizing quality and sustainability to meet the needs of customers in an ever-changing industry landscape.