IHS Chemical Week

Cinven wins bid to acquire CeramTec from Rockwood for $2 billion

1:05 PM MDT | June 17, 2013

Private equity firm Cinven (London) has won the bid to acquire CeramTec (Plochingen, Germany) from Rockwood Holdings (Princeton, NJ) for €1.49 billion ($1.98 billion), subject to adjustments, Rockwood announced today. Cinven beat off competition from 2 other private equity firms, BC Partners and Bain Capital. CeramTec accounts for 16% of Rockwood’s sales. The transaction is expected to close in the third quarter of this year, following regulatory approvals, including from the European antitrust authorities. Cinven has obtained fully committed financing from...

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