On March 8th, 2018 CeramTec was acquired by a Consortium of funds led by BC Partners, in which PSP Investments and the Ontario Teachers’ Pension Plan also hold a stake.
BC Partners is a leading international private equity firm with over €17 billion of assets under management. Established in 1986, BC Partners has 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 99 investments in companies with a total enterprise value of €121 billion and is currently investing its tenth private equity fund.
The Public Sector Pension Investment Board is one of Canada’s largest pension investment managers with C$135.6 billion of net assets under management as at March 31, 2017. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of Canada’s federal Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. As at March 31, 2017, PSP Investments held private equity investments of C$15.9 billion (12% of its net assets). Since its inception, the private equity asset class has invested in more than 20 companies and 50 funds, deploying over C$10 billion in capital on a global scale. Since Headquartered in Ottawa, Canada, PSP Investments has its principal business office in Montréal and offices in New York and London, its European hub.
The Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan, with C$180.5 billion in net assets as at June 30, 2017. It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annualized gross rate of return of 10.1% since the Plan’s founding in 1990. As at June 30, 2017, OTPP held private equity investments of C$28.8 billion (16% of its net assets). Since inception, it has invested in more than 500 companies and funds, deploying approximately C$40 billion in capital on a global scale. Ontario Teachers’ Pension Plan is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded, invests and administers the pensions of the province of Ontario’s 318,000 active and retired teachers.