HG Capital ‘set to swoop’ for John Laithwaite

A YORKSHIRE-based washer and dryer provider to hospitals and student accommodation is set to be sold in a £150m deal, according to reports.

Private equity house HG Capital is understood to be in exclusive talks to buy UK commercial laundry equipment supplier John Laithwaite (JLA).

A deal would allow HG Capital to start to invest its recently raised 1.85bn fund.

Huddersfield-based JLA is thought to be looking for a buyer to bring in new management for the company.

JLA generated earnings before interest, tax, depreciation and amortisation of about £16m in 2009.