New ownership for CeramTec announced
Canada Pension Plan Investment Board (“CPP Investments”), through its wholly owned subsidiary, CPP Investment Board Europe S.àr.l, and BC Partners, a leading international investment firm, today announced an agreement to jointly acquire CeramTec (“the Company”), 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 the Company.
Dr. Hadi Saleh, Chief Executive Officer of CeramTec,said: “We are excited to continue working with the team at BC Partners. Their support since 2018 has enabled us to successfully expand our product range as we diversify our MedTech footprint. Moreover, we are delighted to welcome our new partners in CPP Investments, whose sector expertise and strategic vision we have already been impressed by. We believe that together we are well-positioned to continue working towards our aim of being the undisputed global leader in high-performance ceramics in the eyes of our customers.”