A consortium of funds that includes the Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board has reached an agreement to acquire CeramTec Group, a German manufacturer of technical ceramic components.
The company’s advanced ceramics are used across a number of different industries, including medical technology, the automotive industry, the electronics sector, energy and environmental technology, and equipment and mechanical engineering. Its portfolio comprises more than 10,000 different products, parts and components made of technical ceramics, as well as a large number of ceramic materials.
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CeramTec Group also has a global presence with production plans and subsidiaries across Europe, the Americas and Asia. In the 12 months to June 2017, it generated revenues of 538 million euros. The company employs more than 3,400 people worldwide, with about 2,000 in Germany.
“We believe CeramTec has great potential to achieve profitable and sustainable growth, both organically and through acquisitions, and we look forward to working closely with the company’s management team and its employees,” said Stefan Zuschke, managing partner of BC Partners, the private equity firm advising the consortium of funds.
“We are pleased to be backing this transaction alongside BC Partners, Ontario Teachers’ and CeramTec management,” said Guthrie Stewart, senior vice-president and global head of private investments, at PSP Investments. “This is a perfect example of our strategy to invest in global leaders in order to support their management team and create long-term value, alongside world-class private equity investors such as BC Partners.”
Jo Taylor, senior managing director, international at Ontario Teachers’, noted the pension fund considers Germany to be a very attractive market.
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