David Raethorne News Today

Celtic Linen, a supplier of rented linen to hospitals and hotels, was sold last week for €31.5m, equating to around three times the figure invested by sellers Causeway Capital Partners.

Causeway Capital Partners has secured a return of more than three times its original investment in Celtic Linen, the linen supplier it bought out of examinershi

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The New Orleans company has acquired Hazelwood Demesne Limited and plans to develop its Lough Gill Distillery in County Sligo, Ireland into a home for its Irish whiskeys and tourist attraction.

Sazerac — the parent company of Buffalo Trace Distillery and one of the world’s largest distilled spirits companies — has acquired Hazelwood Demesne Limited.

Sligo Chamber of Commerce has warmly welcomed the news of the acquisition of Hazelwood Demense Ltd by the Sazerac Company, one of the world’s largest dist...

Seen & Heard: property deals, venture capital funding and a whiskey acquistion also in the news

Seen & Heard: Property deals, venture capital funding and a whiskey acquisition

In time for the holidays, Athrú Whiskey has recently launched its first small batch release, a triple-casked malt Irish whiskey.

Dublin-based private equity firm Causeway Capital will reap more than £30m (€35m) in cash from the planned flotation in London next Monday of UK fashion group In The Style (ITS). Causeway will also retain a 14.5pc stake in the business. The Dublin firm invested £2.5m in ITS in 2018, taking a 49pc stake. The investment was made via a Causeway fund backed by AIB and the Ireland Strategic Investment Fund. Founded by chief executive Adam Frisby (33) in 2013 from his Manchester bedroom with £1,...