CeramTec: Acquisition by BC Partners
The Public Sector Pension Investment Board and Ontario Teachers’ Pension Plan both hold a stake in the Consortium. The acquisition is subject to approval by anti-trust and foreign investment authorities. Henri Steinmetz, CEO of CeramTec, commented on the transaction: “Over the past four years we have doubled our ceramic implant capacity in Marktredwitz; we have simplified the organisational set-up; and we have created a leading platform in piezo ceramics with the GB acquisition. In partnership with Cinven, we have started our journey from a German centric technology leader towards a true global market leader. We are looking forward to continuing on this journey together with our new owners.”
CeramTec GmbH is one of the largest international manufacturers of ceramics for technically demanding applications and employs more than 3400 people across 20 facilities worldwide. In the 12 months to June 2017, CeramTec generated revenues EUR 538 million and adjusted EBITDA of EUR 196 million. BC Partners, founded in 1986, is a leading international private equity firm with EUR 18 billion of assets under management which played an active role in developing the European buy-out market for three decades. BC Partners executives operate as an integrated team through the firm’s offices in Europe and North America, acquiring and developing businesses to create value in partnership with management. Since inception, BC Partners has completed 98 investments in companies with a total enterprise value of EUR 121 billion and is currently investing its 10th private equity fund.