Deals
Partners Group, CVC Team Up to Rival Celanese for CeramTec
- BC said to seek over $4.7 billion for technical-ceramics maker
- Next-round bids due around July 19 as buyout activity surges
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Buyout firms Partners Group Holding AG and CVC Capital Partners have teamed up against chemicals company Celanese Corp. in the bidding for German technical-ceramics maker CeramTec GmbH, according to people familiar with the matter.
Owner BC Partners has called for next-round bids around July 19 and is seeking a valuation of at least 4 billion euros ($4.7 billion), the people said, asking not to be identified because discussions are private.