Welcome!

API Journal Authors: Fouad Khalil, Liz McMillan, Sujoy Sen, Sematext Blog, Rishi Bhargava

News Feed Item

Silver Lake Kraftwerk Announces Majority Stake in friedola®Tech, Marking First Co-Investment with Kleiner Perkins Caufield & Byers

Investment Will Support Scale, Growth and Geographic Expansion for Leading Recycled Plastics Supplier

MENLO PARK, Calif., Nov. 28, 2012 /PRNewswire/ -- Silver Lake Kraftwerk, a leading global growth capital investment strategy focused on energy and resource innovation, today announced a commitment of €31 million (USD$40.1 million) in friedola®Tech, a premier recycled plastics processing company that produces high-quality, environmentally-friendly products and components for the automotive and packaging industries. Silver Lake Kraftwerk is the energy investment strategy of Silver Lake, the world's leading investor in the global technology industry.

The investment will provide growth capital to enable further product innovation, development in key market segments and expansion into new geographic regions, including the opening of a world-class manufacturing facility in Greenville, South Carolina.

Under the terms of the transaction, WHEB Partners, a European-based resource efficiency private equity firm, has agreed to sell its majority stake in friedola®Tech to Silver Lake Kraftwerk while remaining an important shareholder. Once the transaction has closed, Silver Lake Kraftwerk will become the majority owner, alongside existing co-investor Kleiner Perkins Caufield & Byers (KPCB), which co-led the transaction and increased its ownership of friedola®Tech. This transaction marks the first co-investment between Silver Lake and KPCB.

Based in Geismar, Germany, friedola®Tech is a leading manufacturer and marketer of recycled plastic products with a focus on the automotive and packaging sectors. The company supplies lightweight, recyclable and environmentally-friendly plastic solutions to a variety of industries and boasts an innovative and proprietary product portfolio, including their signature product platform, CON-Pearl. As a Tier-1 supplier, friedola®Tech's plastic solutions are a key component in the lightweight efforts of a number of their customers, including leading car manufacturers.

A leader in innovative environmental technologies, friedola®Tech directly contributes to improved emissions and fuel economy standards in the automotive industry, and greater efficiency in the logistics and packaging sectors. 

"We are excited to partner with WHEB and KPCB as investors in friedola®Tech," said Josh Raffaelli, Partner, Silver Lake Kraftwerk. "There is a growing global market for engineered plastics and industrial products that are lightweight and reusable. friedola®Tech is uniquely positioned as a market leader in this industry and we are eager to support their growth and expansion."

Silver Lake Kraftwerk invests in companies that leverage technology and business model innovation in the energy and resource industries. Its stake in friedola®Tech marks Silver Lake Kraftwerk's first major investment in resource efficiency and its first investment outside of the United States.

"We look forward to working with Silver Lake Kraftwerk, KPCB and WHEB Partners as we position friedola®Tech for continued growth and expansion," said Christoph Holzapfel, Chief Executive Officer, friedola®Tech. "With Silver Lake's global presence, technology expertise and focus on value creation, we are confident the firm will make an excellent partner as we grow our business," added Werner Eisenhardt, Chief Financial Officer, friedola®Tech.

"friedola®Tech is a great success story," said Jorg Sperling, a Partner at WHEB Partners. "The company was an under-appreciated asset after facing serious challenges during the 2008/09 crisis in the global automotive industry. By stabilizing the company financially and by pursuing growth aggressively, friedola®Tech is now the leading provider of highly innovative, recyclable and lightweight plastic components used in a variety of industries. The company is now ready to expand in the United States and we are thrilled to bring such a renowned investor, Silver Lake Kraftwerk, on board to support the company's internationalization."

Advisers on the deal were Blackwood Capital Group (M&A support for WHEB Partners and friedola®Tech), Taylor Wessing (legal adviser to friedola®Tech), mb+p (Commercial Due Diligence), Deloitte (Financial Due Diligence), WilmerHale (legal adviser to Silver Lake Kraftwerk) and Hogan Lovells (legal adviser to Kleiner Perkins Caufield & Byers).

The deal is currently pending anti-trust approval by the German authorities.

About Silver Lake Kraftwerk
Silver Lake Kraftwerk (SLK) is an initiative of Silver Lake Partners, the global leader in private investments in technology and technology-enabled industries, and strategic partner Soros Fund Management, LLC. SLK is designed to provide growth capital to late-stage innovators in the energy and resource sectors.

About Kleiner Perkins Caufield & Byers 
Kleiner Perkins Caufield & Byers (KPCB) has backed entrepreneurs in more than 500 ventures leading to 150 IPOs, 350,000 jobs and a deep strategic network. The firm has helped build pioneering companies like Align, Amazon, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Symantec, VeriSign and WebMD.  KPCB partners serve on the boards of Amazon, Apple, Bloom Energy, Flipboard, Foundation Medicine, Google, Hewlett-Packard, Nest, Square, Tesaro and Zynga, among others.  KPCB accelerates the success of entrepreneurs with a team of partners delivering company-building services including strategy, operational scaling, recruiting, business development and product delivery. The firm invests in all stages from seed and incubation to growth companies.  KPCB operates from offices in Menlo Park, San Francisco, Shanghai and Beijing. http://www.kpcb.com.

About WHEB Partners
WHEB Partners is a European private equity manager that invests in resource efficiency companies with high growth potential. It was founded in 2003 and has offices in London and Munich. The company manages GBP130m in two private equity funds on behalf of institutional and private clients. More information at: www.whebpartners.com.  

WHEB Partners is supported by the European Union's Competitiveness and Innovation Framework Programme (the CIP).

Media Contacts:
Trina Smith
(415) 671 7676 
Brunswick Group (San Francisco) for Silver Lake

Toby Guise 
+ 44 (0) 207 286 3404 
WHEB Partners

SOURCE Silver Lake Kraftwerk

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.