Cinven sold CeramTec to BC Partners and Ontario Teachers’ Pension Plan.

International private equity firm Cinven sold CeramTec, a leading global manufacturer of high performance ceramics, to BC Partners and Ontario Teachers’ Pension Plan. Financial terms were not disclosed. Bruno Schick, Partner at Cinven and Head of the Frankfurt office, said: “CeramTec has been a highly successful investment due to a combination of factors: Cinven’s sector expertise, in both Healthcare and Industrials; our longstanding presence and track record in Germany which enabled us to identify and execute the transaction; our international capabilities facilitating the Group’s expansion into the US and China; and our focus and conviction. We have worked alongside an excellent management team, as well as a highly qualified and dedicated workforce at CeramTec and we wish them every success in the future. We are delighted that the BC Partners consortium is acquiring CeramTec and will continue to invest in the business.”