Pamplona Capital Management LLP and the Ontario Teachers' Pension Plan Board are working with an adviser for a potential sale of U.S.-based laundry company CSC ServiceWorks Inc., Bloomberg News reported, citing people familiar with the matter.
The deal could reach $4 billion, including debt.
The owners are trying to raise investor interest in the deal, but final decisions have not been made, the sources said. Some interested firms could include infrastructure-focused private equity firms, they added.
Bloomberg estimates CSC has about $2.1 billion in debt.
Sources told Reuters in 2018 that the two entities were already considering the sale of CSC and that it was initially valued at over $3 billion.