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POELLATH advises management of CeramTec GmbH on sale to CPP Investments and BC Partners

Canada Pension Plan Investment Board, operating through its wholly owned subsidiary CPP Investment Board Europe S.àr.l (“CPP Investments”), and BC Partners, a leading international investment firm, announced an agreement to jointly acquire CeramTec GmbH (“CeramTec”). The previous owner was BC European Capital X. 

CPP Investments will acquire 50 percent of CeramTec. BC Partners will sell the other half from its investment fund X (BC European Capital X) to its investment fund XI (BC Partners Fund XI). POELLATH advised CeramTec’s management on the management participation in the context of the sale.

CeramTec GmbH, based in Plochingen, Baden-Württemberg, is a manufacturer of advanced ceramics for medical applications. The company employs approximately 3500 people in 11 countries worldwide and has 21 production sites in Europe, the USA and Asia.

CPP Investments is a global investment management company established by the Canada Pension Plan Investment Board Act of 1997 to oversee and invest funds contributed to the Canada Pension Plan (CPP). As of March 31, 2021, the CPP Investment Board manages over 497 billion Canadian dollars in assets for the Canada Pension Plan on behalf of 20 million Canadians.

BC Partners is a leading alternative investment manager focused on private equity, credit and real estate with an extensive network in Europe and North America.
POELLATH provided comprehensive legal advice to CeramTec’s management regarding the management participation in connection with the sale with the following Munich team:

  • Benedikt Hohaus (partner, management participation/private equity).
  • Silke Simmer (senior associate, management participation/private equity)
     
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