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Hg Capital – Sale of JLA

Pan-European private equity firm, Hg Capital, has sold JLA to Cinven for €600m. Hg generated a 4.9x multiple and 26% gross IRR through the realisation. JLA, a commercial laundry and dishwasher equipment business, provides equipment, supplies, and services across commercial laundry, catering, heating and fire safety to customers across the United Kingdom.