M&A Deal Summary

Cinven Acquires CeramTec Group

On September 4, 2013, private equity firm Cinven acquired manufacturer CeramTec Group from Rockwood Holdings for 1.5B EUR

Acquisition Highlights
  • This is Cinven’s 5th transaction in the Manufacturing sector.
  • This is Cinven’s 15th largest (disclosed) transaction.
  • This is Cinven’s 8th transaction in Germany.
Investment Fate
  • CeramTec Group was sold to a consortium of financial buyers in 2017.
  • CeramTec Group was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2013-09-04
Target CeramTec Group
Sector Manufacturing
Buyer(s) Cinven
Sellers(s) Rockwood Holdings
Deal Type Divestiture
Deal Value 1.5B EUR

Target

CeramTec Group

Plochingen, Germany
CeramTec Group 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 Group was established in 1903 and is based in Plochingen, Germany.

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Buyer(S) 1

Buyer

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 133 of 184
Sector (Manufacturing) 5 of 5
Type (Divestiture) 26 of 35
Country (Germany) 8 of 13
Year (2013) 5 of 5
Size (of disclosed) 15 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-21 Viridium Group

Neu-Isenburg, Germany

Virid­ium Group is a provider of retirement and life insurance products. The foundation of its activities is a customer-focused service organisation combined with efficient portfolio management. Viridium Group was founded in 2013 and is based in Neu-Isenburg, Germany.

Buy €300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 Numericable-SFR

Paris, France

Numericable-SFR is the cable operator providing digital television, broadband and telephony services to the residential market ('B2C'). The company also serves the enterprise market ('B2B') in France, Belgium, and Luxembourg.

Sell -

Seller(S) 1

SELLER

Rockwood Holdings

Princeton, New Jersey, United States

Category Company
Founded 2000
Sector Chemicals
Employees3,500
Revenue 3.7B USD (2014)
DESCRIPTION

Rockwood Holdings, Inc. is a provider of specialty chemicals, pigments, additives and advanced materials to specialized manufacturing and technology companies throughout the world. The company is a global producer for many of its products including lithium compounds and chemicals, surface treatment chemicals, TiO2 pigments for synthetic fibers and ceramic hip joints.


DEAL STATS #
Overall 3 of 5
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 4
Country (Germany) 1 of 2
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 AlphaGary

Leominster, Massachusetts, United States

AlphaGary engages in the design and manufacture of innovative compound blends and alloys from a diverse range of polymers including PVC, TPE, Olefin, and Urethane. The group also provides stabilizers under its brand VINASTAB, as well as plasticizers and colorants.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-17 Rockwood - Performance Additives and Titanium Dioxide Business

United States

Rockwood’s Performance Additives and TiO2 business includes the manufacture and supply of sulphate process TiO2, synthetic iron-oxide and other organic pigments, timber treatment products and specialty automotive materials. Applications for these products are used in coatings, construction, concrete, plastics, papers, inks, food, cosmetics, pharmaceuticals, fibers and films.

Sell $1.3B