Plochingen, 16 March, 2022 – CeramTec (the “Company”) is pleased to report that, Canada Pension Plan Investment Board (“CPP Investments”), through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., and BC Partners Fund XI (“BC XI”), advised by BC Partners, a leading international investment firm, today, through their jointly owned subsidiaries, completed the previously announced acquisition of the Company from the existing owners, BC European Capital X, Public Sector Pension Investment Board, Ontario Teachers’ Pension Plan Board and certain co-investors.
The Company also prepaid its existing senior facilities and redeemed its existing senior notes in connection with the acquisition.
Contact Management Investor Relations
Phone +49 (0) 7153 611-416
CeramTec is a leading global med-tech platform with a focus on high-performance ceramics (“HPC”) solutions and is specialized in the development, manufacturing and sale of parts, components and products made from ceramic materials. With over a century of developmental and production experience in the HPC industry, CeramTec is a global leader in the manufacturing of advanced ceramics and engineers these materials for use in a wide variety of applications. HPC from CeramTec are used in a range of areas, including critical medical applications such as hip replacements, other orthopedic implants, dental implants and medical equipment, and industries including mobility, electronics and also in other industrial applications. As of September 30, 2021, CeramTec’s portfolio comprised over 200 trademarks and over 600 patents, along with a wide variety of ceramic materials. With production sites and subsidiaries in Europe, North and South America as well as Asia, CeramTec maintains its presence around the globe as a manufacturer and supplier. CeramTec is headquartered at Plochingen, near Stuttgart (Germany). In 2020, CeramTec generated approximately €553 million revenue and employed over 3,400 FTE worldwide, approximately 2,000 of which in Germany.
About CPP Investments
Canada Pension Plan Investment Board (CPP InvestmentsTM) is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At December 31, 2021, the Fund totalled C$550.4 billion.
CPP Investments’ Direct Private Equity team is a committed long-term investor with permanent capital, a focus on sizeable investments alongside aligned partners, the ability to invest across the full spectrum of ownership from minority positions up to full control platforms, and the ability to shape the duration and underwriting approach of investments to support longer-date return on investment initiatives. With 59 investment professionals globally, it has deployed more than C$43 billion across 139 investments since inception, including 11 in the healthcare sector.
For more information, please visit www.cppinvestments.com.
CPP Investments Media Contact:
Managing Director, Corporate Communications
Tel: +44 20 3947 3002
About BC Partners
BC Partners is a leading investment firm with over €40 billion in assets under management across private equity, private credit, and real estate strategies. Established in 1986, BC Partners has played an active role for over three decades in the European buyout market. Today BC Partners investment teams operate as cross-office, integrated transatlantic teams aligned across our core sectors. To date, BC Partners has completed over 120 private equity investments in companies in its four core sectors – TMT, Industrial & Business Services, Healthcare and Consumer, with a total enterprise value of over €160 billion and is currently investing its eleventh private equity buyout fund.
For more information, please visit www.bcpartners.com.
BC Partners Media Contact:
Head of Communications
Tel: +44 20 7009 4722
This announcement contains statements that constitute forward-looking statements. These statements appear in a number of places in this document and include statements regarding the intent, belief or current expectations of our customers, estimates regarding future growth in the different business lines and the global business, market share, financial results and other aspects of the activity and situation relating to the Company. The forward-looking statements in this document can be identified, in some instances, by the use of words such as "expects", "anticipates", "intends", "believes", and similar language or the negative thereof or by forward-looking nature of discussions of strategy, plans or intentions. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and other important factors that could cause actual developments or results to differ materially from those expressed in our forward looking statements. Analysts and investors are cautioned not to place undue reliance on those forward looking statements which speak only as of the date of this presentation. CeramTec undertakes no obligation to release publicly the results of any revisions to these forward-looking statements which may be made to reflect events and circumstances after the date of this announcement, including, without limitation, changes in the Company’s business strategy or to reflect the occurrence of unanticipated events. Analysts and investors are encouraged to consult the Company's public reports.