M&A Deal Summary

Causeway Capital Partners Acquires Turmec

On August 7, 2018, private equity firm Causeway Capital Partners acquired machinery company Turmec

Acquisition Highlights
  • This is Causeway Capital Partners’ 1st transaction in the Machinery sector.
  • This is Causeway Capital Partners’ 4th transaction in Ireland.

M&A Deal Summary

Date 2018-08-07
Target Turmec
Sector Machinery
Buyer(s) Causeway Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Turmec

Athboy, Ireland
Turmec engages in design, manufacture and installation of recycling plants and equipment for the waste industry. Turmec was founded in 1972 and is based in Athboy, Ireland.

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Buyer(S) 1

Buyer
DESCRIPTION

Causeway Capital Partners is a UK-focused private equity firm focused on small to mid-sized company acquisitions and investments. The Firm looks to invest €2.5 to €10 million per transaction to support organic growth strategies, acquisitions, roll-ups, buyouts, recapitalizations, or provide liquidity. Causeway Capital is a generalist investor and looks to back differentiated companies with strong business models. Causeway Capital Partners was formed in 2015 and is headquartered in Dublin, Ireland.


DEAL STATS #
Overall 4 of 6
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: Ireland M&A 4 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Celtic Linen

Wexford, Ireland

Celtic Linen enables hospitals and hotels to significantly reduce energy and materials consumption, and save costs, by providing a premium linen rental service from its state-of-the-art centralised laundry facility, the largest such site on the island. Celtic Linen was founded in 1926 and is based in Wexford, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 Patisserie Valerie

Birmingham, United Kingdom

Patisserie Valerie is a patisserie chain with over 50 sites nationwide. The company operates two brands - Patisserie Valerie and Druckers Vienna Patisserie. Patisserie Valerie is based in Birmingham, United kingdom.

Buy -