• Region: Europe
  • Sector: Industrials
  • Investment Year: 2018
  • Transaction Value: €2,555m

Unrealised

In March 2018, BCEC X acquired Ceramtec.

Ceramtec is the global leading global provider of high-performance ceramics (“HPC”) solutions, with 20 production sites and 3,500 FTEs in 11 countries. With a well-diversified product portfolio of >20,000 SKUs the company is active in two segments:

Medical - Ceramic components for joint implants
Industrial - Highly specialised, mission critical HPC solutions

Investment Thesis

  • Strong, secular growth trends: Long-term macro drivers across segments: ageing population, obesity, more active lifestyle, growing demand for lightweight materials, energy efficiency. Attractive orthopaedics industry benefitting from double market lift: more hip surgeries performed globally combined with faster annual penetration of ceramics. Growing industrial end markets: electric vehicles, e-cigarettes, electronics, jet engines, light materials.
  • Market-leadership: Sustainable market leadership in ceramic implants cemented by long-term OEM relationships, operational excellence, unmatched scale and high barriers to entry.
  • Technological leadership: Technology leadership and continued innovation with highly customised solutions drive profitable industrial growth with a diversified blue-chip global customer base.
  • Strong financial profile, World-Class Management Team and potential additional upsides

Company News

11 October 2017

BC Partners-Led Consortium, Including PSP Investments and Ontario Teachers’, Acquires CeramTec, a Leading International Manufacturer and Supplier of Technical Ceramic

A consortium led by Funds advised by leading private equity firm BC Partners, has reached an agreement to acquire CeramTec Group (“CeramTec”) from its current owner Cinven. The Public Sector Pension Investment Board

Read More

Team Involved

The case studies are presented herein for illustrative purposes only and should not be relied upon for investment decision making. This information is being furnished for the sole purpose of providing information about BC Partners. The specific investments identified are not representative of all of the companies purchased, sold or recommended for BC Partners' private equity funds, and it should not be assumed that investments identified were or will be profitable or are representative of investments that will be made by BC Partners in the future. Unless otherwise indicated, information with respect to the investments included herein has been obtained from the relevant portfolio company. Past performance of any BC Partners-sponsored fund, vehicle, account, or investment is not indicative of future performance. There can be no assurance that BC Partners will make comparable or equally successful investments in the future. For a list of all investments made by the private equity funds managed by BC Partners since its inception, please click here.