Case study

Independent Corporate Clothing Group: Smart investment creates independence

Private equity-backed corporate carve out supports management team’s vision for growth.

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Sector
  • Retail & consumer
  • Support services

The group is the UK’s largest supplier of corporate clothing uniforms to businesses and individuals.

Employees: >800

Deal type
  • Carve out
Deal value

£50m

In 2019, LDC backed the management buyout of the corporate apparel business of US-based Tailored Brands Inc (NYSE:TLRD) in a deal which valued the group at £50m.

The group is the UK’s largest supplier of corporate clothing uniforms to businesses and individuals. It trades internationally through its Dimensions, Alexandra, Yaffy and Twin Hill brands.

We are backing the management team to realise its vision as the company embarks on the next stage of its growth strategy as a standalone business.

This includes investing in its service lines and infrastructure to accelerate organic growth at home and overseas and to explore complementary acquisitions to drive further international expansion.

We have been part of Tailored Brands for almost a decade and during that time we have built our business into a truly global player. With LDC as our growth partner, we can focus on investing in our proposition, take our market-leading products and service to more customers at home and overseas, and ensure our business has solid foundations for future growth.”
Stuart Graham, Executive Chairman