Sullivan Street Partners Invests in Mi Hub
Sullivan Street Partners (SSP) has acquired Mi Hub, a leading provider of corporate uniform solutions headquartered in the UK, from LDC, according to Private Equity Wire. Mi Hub sources ready-to-wear, bespoke, and technical uniforms for businesses of all sizes.
Mi Hub’s Business Operations
The business operates through four brands: Dimensions, Alexandra, Yaffy, and Affinity. More than five million people globally wear uniforms sourced by Mi Hub. It ships more than 20 million garments annually and has an annual turnover of £170m, serving a broad range of end markets with a strong position in bespoke uniforms in the UK.
Management and Growth Strategy
Mi Hub is led by an experienced management team, with Hayley Brooks serving as Chief Executive Officer since 2022 after 24 years with the business. Layton Tamberlin, Partner at Sullivan Street Partners, noted that Mi Hub has a strong operational foundation and resilience, with multiple growth avenues in a niche sector, including organic expansion and strategic acquisitions. In the broader context of private equity, such investments often target platform businesses with recurring revenue characteristics like Mi Hub’s long-term customer relationships and substantial contracted revenue base.
Transaction Details
The transaction is subject to customary regulatory approvals, and financial terms have not been disclosed, as per Private Equity Wire. Mi Hub features differentiated operational infrastructure, making it an attractive platform for growth.
