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Sullivan Street Partners Acquires Mi Hub in UK PE Deal

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Sullivan Street Partners has acquired Mi Hub, a corporate uniform provider, from private equity firm LDC. Mi Hub operates four brands—Dimensions, Alexandra, Yaffy, and Affinity—specializing in workwear and corporate apparel for businesses across multiple sectors. LDC originally backed the business in 2019, supporting its growth strategy and expansion initiatives across the UK and European markets.

The company ships more than 20 million garments annually and generates annual turnover of £170 million. Mi Hub serves corporate clients with a substantial contracted revenue base, providing predictable income streams through long-term agreements. This transaction represents another successful exit for LDC from its UK investment portfolio, demonstrating continued private equity activity in the workwear sector, which has proven resilient despite economic headwinds.

Corporate uniform providers have attracted private equity interest as businesses increasingly seek consistent, branded workwear solutions. The sector offers attractive characteristics including recurring revenue models and strong client retention. This acquisition positions Sullivan Street Partners in the workwear market with significant scale and a diversified client base across multiple industries, making it a substantial player in the UK corporate apparel sector.