1/2 Warburg Pincus Acquires Vital Fettrecycling GmbH and Petrotec ...

Warburg Pincus Acquires Vital Fettrecycling GmbH and Petrotec Biodiesel GmbH
Borken, Germany, May 18, 2006 – Vital Fettrecycling GmbH and its wholly owned subsidiary Petrotec
Biodiesel GmbH (together “Vital/Petrotec”), a leading German collector and recycler of used fats and oils and
a major producer of EN14214 compliant biodiesel, today announced that they have completed a transaction
in which affiliates of Warburg Pincus LLC have acquired Vital/Petrotec from its shareholders, led by Mrs.
Ulrike Petershagen and Dr. Jürgen Wigger. Terms of the transaction were not disclosed.
Vital/Petrotec is a leading German collector and recycler of used fats and oils, such as used frying oil, and a
major producer and distributor of Biodiesel fuel, which is sold both as unblended (B100) biodiesel as well as
a blending component to fossil diesel, like that used for the production of B5 blends. Vital/Petrotec has
developed a proprietary multi-feedstock technology enabling the company to convert a wide range of raw
materials, including fresh vegetable oils and recycled oils and fats into high-quality, EN14214-standard-
compliant biodiesel in a fully-continuous production process.
Roger Boeing, who will remain Chief Executive Officer of Vital/Petrotec upon the close of the transaction,
said, "We are excited about the opportunity to work with an experienced energy investor in Warburg Pincus.
Warburg Pincus’ history of building companies over the long term, coupled with its extensive international
experience and network, will be a great fit for Vital/Petrotec and will enable us to continue pursuing our
aggressive growth plan."
Christoph Neizert, a Warburg Pincus Managing Director who also leads the firm’s efforts in Germany stated:
“Warburg Pincus’deep domain expertise in the energy and industrial sectors helped us to understand the
great potential of Vital/Petrotec and to execute this investment expeditiously. We are looking forward to
helping the management team – who will remain equity shareholders – shape the growth of this innovative
company over the next several years.”
“With its solid business model and process technology leadership, Vital/Petrotec is well positioned to benefit
significantly from the world-wide, renewable fuel trend," added Dalip Pathak, a Warburg Pincus Managing
Director and the head of Warburg Pincus in Europe.
About Vital Fettrecycling GmbH
Vital Fettrecycling GmbH, located in Borken, is a leading German collector and recycler of used fats and oils.
Petrotec Biodiesel GmbH, its wholly owned subsidiary, is one of the pioneers of large-scale biodiesel
production in Germany. Petrotec, whose production facilities are located in Südlohn, Germany, produces
high-quality biodiesel that is fully compliant with the EN14214 standard, with a proprietary, fully-continuous
process technology.
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About Warburg Pincus
Warburg Pincus has been a leading private equity investor since 1971. The firm currently has approximately
$13 billion under management and invests in a range of industries including energy, real estate, information
and communication technology, healthcare, LBOs and special situations, media and business services and
financial services. Warburg Pincus has raised 11 private equity investment funds which have invested
approximately $23 billion in 540 companies in 30 countries. Currently the firm is investing from an $8 billion
fund which closed in August 2005. The firm has invested approximately $1.5 billion in energy companies
involved in oil and gas exploration and production, energy and power projects and oilfield and other services
since the late 1980s. Since the firm’s first European transaction in 1983, Warburg Pincus has invested
US$4.1 billion in more than 75 companies in 17 European countries. An experienced partner to
entrepreneurs seeking to create and build durable companies with sustainable value, the firm has offices in
New York, Menlo Park, London, Frankfurt, Hong Kong, Beijing, Shanghai, Seoul, Tokyo and Mumbai. For
more information please visit www.warburgpincus.com.
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