CPPIB completed the acquisition of a 50% stake in CeramTec from OTPP and PSP Investments for $2.1bn.

Canada Pension Plan Investment Board, a global investment management organisation, completed the acquisition of a 50% stake in CeramTec, a provider of advanced ceramic components, from invesment firms OTPP and PSP Investments for $2.1bn. CeramTec will be jointly owned by CPP Investments and BC Partners. "We are pleased to support the next stage of CeramTec's growth in this attractive global market, in partnership with the Company's best-in-class management team and BC Partners, who bring deep sector knowledge. CeramTec's unique MedTech products optimise patient outcomes, improving the lives of millions of people worldwide, and provide us with an opportunity to deliver solid long-term risk-adjusted returns for CPP contributors and beneficiaries," Hafiz Lalani, CPP Investments Managing Director, Head of Europe, Direct Private Equity.