Silver Lake Kraftwerk, a leading global growth capital
investment strategy focused on energy and resource innovation,
announced its acquisition of a majority stake in German
friedola®Tech. The deal is valued more than €30 million.
Once the transaction has closed, Silver Lake Kraftwerk will become
the majority owner of friedola®Tech, alongside existing Menlo
Park-based co-investor Kleiner Perkins Caufield & Byers (KPCB),
which co-led the transaction and increased its ownership of
friedola®Tech. The stakes were sold by WHEB Partners, a
European private equity manager that remains an important
shareholder. The transaction was executed by two capital stock
increases at the level of the German target company and the Jersey
holding, including redemption of stock.
This is the first co-investment between Silver Lake Kraftwerk
and KPCB. It is designed to 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
friedola®Tech is a premier recycled plastics processing
company that produces high-quality, environmentally-friendly
products and components for the automotive and packaging
industries. The company supplies lightweight, recyclable and
environmentally-friendly plastic solutions to a variety of
industries and boasts an innovative and proprietary product
portfolio. friedola®Tech's plastic solutions are a key
component in the lightweight efforts of a number of leading car
Silver Lake Kraftwerk is the energy investment strategy of
Silver Lake Partners, the global leader in private investments in
technology and technology-enabled industries, and strategic partner
Soros Fund Management, LLC. Silver Lake Kraftwerk is designed to
provide growth capital to late-stage innovators in the energy and
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