Causeway Capital triples return on Celtic Linen investment

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The private equity firm backed by the ISIF acquired the Wexford-based linen rental and laundry business out of examinership in 2016 for €4 million

Causeway Capital has more than tripled its return on investment in Celtic Linen, the linen rental and laundry business which was sold last week, the Business Post understands.

Causeway Capital, the private equity firm backed by the Ireland Strategic Investment Fund , acquired Celtic Linen out of examinership in 2016 for €4 million. Since then, Causeway provided a further €4.5 million of follow-on investment, spread over a number of years, according to people familiar with ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines