Deal Details

Sale to Cinven

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Summary

About

JLA Group (“JLA” or the “Company”), a portfolio company of HgCapital (“Hg”), was recently acquired by Cinven. Terms of the transaction were not disclosed.

JLA is a leading critical asset supply and services business for laundry, catering, heating and fire safety for customers across the United Kingdom, primarily through its ‘Total Care’ offering. Total Care provides customers with a hassle-free solution for running critical areas of their business, which combines equipment supply with guaranteed service response times for a contracted monthly fee, minimizing downtime and maximizing peace of mind for business owners. JLA is headquartered in Ripponden, West Yorkshire in the United Kingdom.

Hg is a sector expert investor, committed to helping build ambitious businesses across the technology and tech-enabled services space, primarily in Europe. Deeply resourced sector teams focus on specific sub-sectors and investment themes to identify companies occupying an established position within a niche, and which have the potential to grow faster than their market, create employment and become the leader in their industry. Based in London and Munich, Hg has funds under management of close to £10 billion serving some of the world’s leading institutional and private investors. Hg is headquartered in London, the United Kingdom.

Cinven is a leading international private equity firm focused on building world-class European and global companies across six key sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications (TMT). Cinven acquires companies that are based predominantly in Europe, or have / will have significant European operations. Cinven is headquartered in London, the United Kingdom.

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