New Ownership for CeramTec Announced
Canada Pension Plan Investment Board (CPP Investments), through its wholly owned subsidiary, CPP Investment Board Europe S.r.l., and BC Partners, a leading international investment firm, announced an agreement to jointly acquire CeramTec/DE from existing owner BC European Capital X (BCEC X) and its co-investors. On completion of the transaction, CeramTec will be jointly owned by CPP Investments and BC Partners Fund XI (BC XI).
Since BC Partners’ initial investment in March 2018, CeramTec has significantly extended its product development pipeline, undergone a program of operational improvement, and accelerated its transformation into a diversified MedTech platform, including through the recent acquisition of Dentalpoint, a fast-growing technology leader in the field of ceramic dental implants. The shareholders will support CeramTec as it expands its leading position as a diversified MedTech platform, driving ongoing product development and strategic M&A in a sector underpinned by strong secular growth trends. Under the new ownership structure, CPP Investments and BC XI, together with co-investors, will each hold a 50 % stake in CeramTec.