M&A Deal Summary

BC Partners and Ontario Teachers Pension Plan Acquire CeramTec

On October 11, 2017, private equity firm BC Partners and pension Ontario Teachers Pension Plan acquired manufacturer CeramTec from Cinven

Acquisition Highlights
  • This is BC Partners’ 1st and Ontario Teachers Pension Plan’s 3rd transaction in the Manufacturing sector.
  • This is BC Partners’ 9th and Ontario Teachers Pension Plan’s 4th transaction in Germany.
Investment Fate
  • CeramTec was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2017-10-11
Target CeramTec
Sector Manufacturing
Buyer(s) BC Partners
Ontario Teachers Pension Plan
Sellers(s) Cinven
Deal Type Secondary Buyout

Target

CeramTec

Plochingen, Germany
CeramTec is a manufacturer of high-performance ceramics and is specialized in the development, manufacturing, and sale of parts, components, and products made from a wide variety of ceramic materials. CeramTec was founded in 1903 and is based in Plochingen, Germany.

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Buyer(S) 2

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.


DEAL STATS #
Overall 77 of 99
Sector: Manufacturing M&A 1 of 2
Type: Secondary Buyout M&A Deals 29 of 40
Country: Germany M&A 9 of 11
Year: 2017 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 MCS Group

Paris, France

MCS Group is a credit management services (CMS) provider in France focused on two complementary lines of business: debt purchasing and debt servicing. MCS Group was founded in 1986 and is based in Paris, France.

Buy €382M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Sabre Insurance

Surrey, United Kingdom

Sabre Insurance is a specialist private motor insurer with expertise in non-standard motor insurance. The company has an established track record of market underwriting performance and a broad underwriting footprint and multi-channel distribution through a network of c. 1,000 intermediaries (indirect). Sabre Insurance was founded in 1982 and is based in Surrey, England.

Sell -
Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 109 of 176
Sector: Manufacturing M&A 3 of 4
Type: Secondary Buyout M&A Deals 37 of 56
Country: Germany M&A 4 of 6
Year: 2017 M&A 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 Traeger

Salt Lake City, Utah, United States

Traeger is a manufacturer of wood pellet-burning barbeque grills and smokers. Traeger uses 100% all-natural hardwood fuel to infuse food with flavorful smoke, making food taste delicious and most of all, memorable. Traeger was founded in 1986 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 Sea

Singapore, Singapore

Sea is a global consumer internet company that operates three core businesses across digital entertainment, e-commerce, and digital financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a global online games developer and publisher. Shopee is a pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a growing digital financial services platform in Southeast Asia. Sea was founded in 2009 and is based in Singapore.

Sell -

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 114 of 130
Sector: Manufacturing M&A 3 of 3
Type: Secondary Buyout M&A Deals 27 of 31
Country: Germany M&A 7 of 9
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 CPA Global

Jersey, Channel Islands

CPA Global is an intellectual property (IP) management and technology company serving over 10,000 customers and connecting millions of global IP users every day. CPA Global was founded in 1969 and is based in Jersey, Channel Islands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Planasa

Valtierra, Spain

Planasa is a plant variety and nursery operator within the berry fruit category worldwide. The Group provides seeds, plants and R&D services to farmers, and fresh produce to retailers across the world. Planasa was founded in 1973 and is based in Valtierra, Spain.

Buy -