CeramTec Group with Cinven as New Owner Beginning September 1st
After the approval from the respective anti-trust and supervisory authorities, the transition took place. Cinven is the new majority shareholder of the CeramTec Group, headquartered in Plochingen/DE. Cinven is acquiring Europe’s largest manufacturer of advanced technical ceramics from its former owner Rockwood Holdings Inc. for a total consideration of EUR 1,49 billion. Following the the acquisition, CeramTec becomes an independent limited company that is not incorporated in an operating group, a constellation also known as a stand-alone business, and will be led from Plochingen. The company has the option of preparing for an initial public offering. Cinven is a leading European private equity firm, founded in 1977. It focuses on six sectors: Healthcare, Business Services, Consumer, Financial Services, Industrials and TMT (Technology, Media and Telecommunications). Its European focus and expertise are complemented by an ability to capitalize on global growth opportunities through its Asian portfolio team. CeramTec’s former owner, United States-based Rockwood Holdings Inc., previously concentrated on the advanced materials and specialty chemicals fields. The decision to modify and reduce its own company portfolio will result in the sale of additional Rockwood companies. In the future, Rockwood plans on focusing exclusively on its lithium activities.