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Report: Laundry service CSC's owners still evaluating sale of the company

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.