Baker McKenzie advised Rentokil Initial on the negotiation and signing of a purchase agreement with H.I.G. Capital for the sale of its Workwear business in France, for a gross enterprise value of approximately EUR 410 million. This sale is part of Rentokil Initial's ongoing strategy to focus on its core activities in pest control and hygiene.
H.I.G. Capital is a private equity management firm specializing in midsized companies.
The Baker McKenzie team was led by Marie-Françoise Bréchignac (partner, M&A/Corporate, Paris) and Paul Nury (counsel, M&A), and included the following:
• M&A: Philippe Frieden (associate), Guillaume Ferrandon (associate)
• Competition: Olivia Chriqui-Guiot (counsel), Céline Mouraud (associate)
• Labor Law: Jérémie Paubel (partner), Roland Sèbe (associate)
• Public & Environmental Law: Arnaud Cabanes (partner), Valentine Petitjean (associate)
• Finance: Gonzague Basso (partner), Ioana Severin (associate)
• Tax: Charles Baudoin (partner), Robin Gaulier (counsel), Samuel Lewin (associate)
• Real Estate: Fabrice Varandas (counsel), Raphaëlle Cayla (senior associate).
