(Bloomberg) Canada Pension Plan Investment Board agreed to acquire a stake in CeramTec GmbH, the German technical ceramics maker owned by buyout firm BC Partners. BC Partners and Canada Pension Plan will each own about half of CeramTec along with their co-investors, they said in a statement Tuesday, confirming an earlier Bloomberg News report. The transaction values CeramTec at about 3.8 billion euros ($4.5 billion) including debt, people with knowledge of the matter said. As part of the transaction, BC Partners will sell its CeramTec holding to its 11th fund, according to the statement. The move allows it to own the company for longer while returning money to backers of its 10th fund. The deal adds to the $18.4 billion of private equity purchases announced in Germany this year, data compiled by Bloomberg show. CeramTec, based outside the southern German city of Stuttgart, produces industrial and technical ceramics for the medical, automotive, electronics and chemicals industries. It
(Bloomberg) Canada Pension Plan Investment Board agreed to acquire a stake in CeramTec GmbH, the German technical ceramics maker owned by buyout firm BC Partners. BC Partners and Canada Pension Plan will each own about half of CeramTec along with their co-investors, they said in a statement Tuesday, confirming an earlier Bloomberg News report. The transaction values CeramTec at about 3.8 billion euros ($4.5 billion) including debt, people with knowledge of the matter said. As part of the transaction, BC Partners will sell its CeramTec holding to its 11th fund, according to the statement. The move allows it to own the company for longer while returning money to backers of its 10th fund. The deal adds to the $18.4 billion of private equity purchases announced in Germany this year, data compiled by Bloomberg show. CeramTec, based outside the southern German city of Stuttgart, produces industrial and technical ceramics for the medical, automotive, electronics and chemicals industries. It
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Domestic Operators Lead In Growing Indian E-commerce Market: Fitch
Domestic Operators Lead In Growing Indian E-commerce Market: Fitch
SINGAPORE A new report by American credit rating agency
Fitch Solutions has said that rising internet usage, increasing middle class with greater consumer spending power, and the youth demographic are driving the Indian e-commerce market’s development.
With competition in the e-commerce space high and rising it is expected to see plenty of activity in the corporate financing space as market players attempt to gain market share on their rivals.
While there are a growing number of opportunities, there is also increasing competition between new and existing players, said the company’s report.