Corporate and M&AJuly 18, 2018
Dillon Eustace advises Causeway Capital on Turmec Teoranta management buyout
Causeway Capital, the private equity investor, backed a €4m management buyout of Turmec Teoranta, a specialist in the design, manufacture and installation of recycling plants and equipment.
Turmec is the fifth small to medium-sized enterprise Causeway Capital has backed since its launch in 2015 with more than 50 per cent of its €50 million fund now deployed.
Lorcan Tiernan, Head of Dillon Eustace’s Corporate and M&A team led the transaction along with Partner Adrian Benson, with tax advice given by Tax Partner, Sean Murray.
Lorcan Tiernan, commented: “Our Corporate and M&A team is delighted to represent buyers, sellers, private-equity funds and target companies in local, national and international mergers and acquisitions across a broad range of industry sectors. This deal comes on the back of a number of high profile corporate transactions in recent months for the team including the sales of the Beechfield Nursing Home Group, Dundalk FC, The Travel Department and Merrion Capital. In Dillon Eustace our cross departmental teams focus on results, offering each client the right mix of specialist legal, employment, regulatory and tax expertise to get the deal done. It was a pleasure working with the Causeway Capital team on this deal which strongly positions Turmec Teoranta for its next phase of growth.”
