Apax, Nordic Capital and Dalmore circling UK supplier JLA Group - Bloomberg

A consortium of investment firms, including Dalmore Capital, Apax Partners, and Nordic Capital, are in discussions to acquire British commercial equipment supplier JLA Group from investment firm Cinven, according to Bloomberg News. The potential acquisition value is estimated to be over £1 billion ($1.3 billion), reflecting a robust private equity interest in UK industrial and critical services assets.

Cinven, which bought JLA in 2018, is working with Goldman Sachs to advise on the divestment. However, discussions are still in progress and may not result in a deal, as initial takeover offers were deemed too low by Cinven due to JLA's medium-term earnings potential. JLA Group, headquartered in Ripponden, West Yorkshire, provides commercial laundry, catering, heating, and fire safety systems to various institutions, including hospitals, care homes, universities, and hospitality businesses across the UK.