London – June 27, 2013 – L.E.K. Consulting, the global strategy consulting firm, provided commercial due diligence support to Cinven in its acquisition of CeramTec for a total consideration of €1.49 billion. CeramTec is a leading global manufacturer of high performance ceramics for application in the medical, automotive, industrial and electronic sectors, with specialist products including hip joint components, high speed cutting tools and ballistic ceramics for armor. Its main operations are located in Plochingen, Germany and CeramTec employs more than 3,000 people across 18 facilities worldwide. In 2012, the Company generated revenues of €425 million. Deal completion is expected during the third quarter of 2013, subject to regulatory approvals.
Cinven is a leading European private equity firm, which focuses on acquiring European-based companies and helping those portfolio companies to take advantage of international best practice and growth in global markets, particularly in emerging economies. It focuses on six sectors: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications (TMT).
L.E.K. combined its extensive industry experience in technical ceramics, industrial products and medical devices, with its deep expertise in commercial transaction support to give Cinven the clarity and confidence to progress the acquisition. L.E.K. brought together a global team involving seven offices worldwide led by partners John Goddard, Florian Funke and Martin Bundschu in Europe and Jeff Stevens in the U.S.
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For further information, please contact James Lloyd on +44 207 389 7456
About L.E.K. Consulting
L.E.K. Consulting is a global management consulting firm that uses deep industry expertise and analytical rigor to help clients solve their most critical business problems. Specializing in strategy, transaction services and performance improvement consulting, L.E.K. helps business leaders to consistently make better decisions, deliver improved business performance and create greater shareholder returns. L.E.K. advises the largest private and public sector organizations, private equity firms and smaller, more entrepreneurial businesses. The firm was founded in 1983 and employs over 1,000 staff in 22 offices across Europe, the Americas and Asia Pacific.