Cinven Strikes $2B Deal For Rockwood's CeramTec

Law360, New York (June 17, 2013, 1:43 PM EDT) -- European private equity firm Cinven Ltd. has struck a deal to acquire Germany-based CeramTec GmbH from Rockwood Holdings Inc. for €1.49 billion ($1.99 billion), with plans to globally expand the manufacturer of ceramic medical, technology and industrial components, according to a Sunday announcement.

Cinven plans to use its fifth fund to make the investment, which is expected to close in the third quarter following regulatory approvals. CeramTec applauded the regime change for moving it from an industrial conglomerate to an independent company, according to a statement....
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