PORTFOLIO

Measured Identity Hub: Smart investment creates independence

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

Sector
  • Retail & consumer
  • Support services

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

Deal type
  • Carve out
Deal value

£50m

Mi Hub is the UK’s largest supplier of corporate clothing uniform solutions to businesses and individuals, trading internationally through its Dimensions, Alexandra and Yaffy brands. Globally, over four million people go to work every day in uniforms provided by the Mi Hub group, which achieved £170m sales in its latest financial year.

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.

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.

Since LDC’s investment, key contracts with a number of large UK customers have been successfully renewed, with several new international contracts also secured.

Mi Hub has also continued to invest in IT and eProcurement to improve the end user experience and offer account efficiencies, allowing the business to further develop its digital footprint in the year since LDC backed the business.

Awards

Healthcare and Pharmaceutical Supply Chain Excellence Award

Supply Chain Excellence Awards 2020