28 May 2025 | 7:48AM BST Rentokil Initial Plc (RTO.L): Sale of Workwear business for €410m Rentokil announced today that it has entered into an agreement to sell its French Workwear business with H.I.G Capital for a gross enterprise value of c.€410m (c.$465m) on a cash-free debt-free basis including an earn-out mechanism with maximum value of €30m (c.$34m) linked to performance in 2026. Per the release, total net cash proceeds are expected to be approximately €370m (c.$420m) and completion is expected to oc ...