PSP Investments, Ontario Teachers' partner in CeramTec buy
A consortium led by European private equity firm BC Partners has agreed to acquire CeramTec Group, a Plochingen, Germany-based supplier of advanced ceramic products. Canadian pension funds Public Sector Pension Investment Board (PSP Investments) and Ontario Teachers' Pension Plan hold a stake in the consortium. The deal's financial terms were not disclosed; however, a source told Reuters it values the company at 2.6 billion euros (US$3.1 billion), including debt. CeramTec is being sold by Cinven, which acquired it in 2013. BC Partners' Stefan Zuschke said the consortium sees potential in growing CeramTech organically and through acquisitions.
11 October 2017•5 mins read
