CeramTec acquired by Consortium
Published by Rebecca Bowden,
Assistant Editor
World Cement,
CeramTec Group will be acquired from its current owner, Cinven, by a Consortium led by Funds advised by leading private equity firm, BC Partners. The Public Sector Pension Investment Board and Ontario Teacher’s Pension Plan both hold a stake in the Consortium. The acquisition is subject to approval by anti-trust and foreign investment authorities.
Henri Steinmetz, the CEO of CeramTec, commented on the transaction: "We are delighted to welcome the BC Partners led consortium as our new owners. Over the past four years, we have invested substantially in our operations and our people. We have doubled our ceramic implant capacity in Marktredwitz; we have simplified the organizational set-up; and we have created a leading platform in piezo ceramics with the UK 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."
Stefan Zuschke, Managing Partner of BC Partners, said: “We believe CeramTec has great potential to achieve profitable and sustainable growth, both organically and through acquisitions, and we look forward to working together with the company’s management team and its employees.”
Read the article online at: https://www.worldcement.com/europe-cis/11102017/ceramtec-acquired-by-consortium/
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