#USA #H.I.G. Capital #London #KPS Capital #Novacel

H.I.G. WhiteHorse Supports Novacel's Growth Journey

In a significant development for the industry, H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, has announced its provision of financing to Novacel, a prominent global manufacturer specializing in protective films and technical tapes. This financing will assist Novacel as it transitions into an independent entity following its acquisition by KPS Capital Partners, LP.

Established in 1982, Novacel was originally a division of Chargeurs Invest SA, focusing on film treatments and industrial protections. Today, it is known for its wide array of products that safeguard industrial surfaces during manufacturing, transport, and installation processes. With over 3,000 clients worldwide, Novacel holds a strong presence in various sectors including construction, appliances, and transportation, with significant operations in Europe, the Americas, and Asia-Pacific.

The new funding from H.I.G. WhiteHorse is poised to facilitate Novacel's strategic goals under KPS's leadership, helping to implement its growth agenda effectively. Pascal Meysson, the head of H.I.G. WhiteHorse Europe, expressed confidence in Novacel's potential, stating, "We have known and appreciated KPS as a top-tier sponsor over the years. Novacel represents a classic example of a successful carve-out, showcasing deep industrial expertise and long-standing customer relationships."

The overview of Novacel's operations highlights the company's diversified industrial footprint, with key production sites located in France, Italy, and the USA. This positions them strategically to meet global demands while maintaining high quality and service standards.

With backing from H.I.G., which manages approximately $75 billion in capital and has a rich history of successful investments in over 400 companies globally, Novacel is expected to enhance its operational efficiencies and market reach, leveraging H.I.G.'s extensive experience in complex carve-outs and industrial businesses.

This partnership not only represents a robust financial investment but also underscores H.I.G. WhiteHorse's strategic vision to empower mid-market companies in achieving their full potential. Through this collaboration, Novacel aims to reinforce its market leadership while expanding its innovative product offerings.

About Novacel

Novacel is recognized worldwide for its expertise in manufacturing protective and technical films, contributing significantly to industries including fabric manufacturing and machinery. With a heritage of adherence to quality and customer service, the company is committed to delivering superior solutions across various sectors, thereby fulfilling their mission of surface protection effectively.

About H.I.G. Capital

With its base in Miami and a broad international footprint including offices in several key cities like London, Paris, and San Francisco, H.I.G. Capital stands as a leading alternative investment firm focused on the mid-market. With diverse investments spanning across equity, debt, and real estate sectors, H.I.G. employs a flexible approach to capitalize and create value in its investments.

For more detailed information about Novacel and its innovative solutions, you can visit their official site at novacel-solutions.com.

As Novacel embarks on this journey of growth, the collaboration with H.I.G. WhiteHorse is set to shape its trajectory positively, making a significant impact on the industries it serves.