Cause­way com­pletes four deals in 2018

The Irish Times - Business - - MARKETS -

Cause­way Cap­i­tal Part­ners, an Ir­ish pri­vate eq­uity fund set up in 2016, has de­ployed more than half its €60 mil­lion fund across five in­vest­ments – the busi­nesses Biz­im­ply, Celtic Linen, Turmec, InTheStyle.com and Bak­ers + Baris­tas (BBs) – it said in an end-of-year up­date.

The fund com­pleted four trans­ac­tions in 2018, in­clud­ing new in­vest­ments in the UK-head­quar­tered fast-fash­ion brand InTheStyle.com and Ir­ish spe­cial­ist waste pro­cess­ing equip­ment de­signer and man­u­fac­turer Turmec, for which it pro­vided €4 mil­lion in fi­nance to a man­age­ment buy­out led by chief ex­ec­u­tive Brian Thornton.

It also made fur­ther in­vest­ments in BBs and Celtic Linen, fi­nanc­ing the for­mer’s buy­out of 11 UK-based Love Cof­fee stores.It backed Celtic Linen’s ac­qui­si­tion of Naas-based Mill­brook Linen in Fe­bru­ary.

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