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 ...