#USA #New York #KPS Capital #Novacel #Chargeurs

KPS Capital Partners Acquires Majority Stake in Novacel

KPS Capital Partners, LP has recently announced a strategic move to acquire a majority stake in Novacel, a renowned manufacturer of surface protection solutions. This acquisition is facilitated through a newly formed subsidiary, emphasizing KPS’s commitment to expanding its footprint in the specialized materials sector.

Overview of the Acquisition

The formal agreement between KPS and the selling shareholder, Compagnie Chargeurs Invest SA, allows Chargeurs to retain a 25% ownership stake in Novacel. Although detailed financial terms of the transaction have not been disclosed, the deal's completion is anticipated within the second quarter of 2026, pending standard closing conditions and regulatory approvals.

About Novacel

Headquartered in Deville, France, Novacel is internationally recognized for its comprehensive offerings in surface protection technologies. The company specializes in producing protective films, tapes, and specialty equipment, catering to various sectors, including construction, interior design, transportation, and industry.

Employing nearly 700 people, Novacel operates six production facilities and three research and development centers across France, Italy, and the United States, thus establishing its presence in key global markets. This strategic acquisition allows KPS to leverage Novacel's established distribution channels and customer relationships, which are crucial for expanding its market reach.

Statements from KPS and Novacel Leadership

Pierre de Villeméjane, a partner and co-director at KPS Mid-Cap Investments, expressed enthusiasm about this acquisition, highlighting Novacel's unique position in the market as a differentiated manufacturer with a diverse product portfolio. He noted that Novacel's solutions play a vital role in their customers' production processes across a variety of applications. KPS’s operational expertise is expected to strengthen Novacel’s position and drive future growth.

Philippe Denoix, CEO of Novacel, also shared optimism regarding the partnership with KPS. He anticipates that KPS's proven track record in manufacturing excellence aligns perfectly with Novacel's goals as it enters a new phase of growth as an independent entity. Denoix emphasized the importance of technical leadership, innovation, and high-quality product delivery, which KPS’s involvement is expected to facilitate.

Michaël Fribourg, Chairman and CEO of Chargeurs, reiterated the confidence in KPS's strategic vision for Novacel, recognizing KPS for its competencies in managing manufacturing and industrial firms on a global scale. Chargeurs's continued investment underscores its belief in the potential for growth and value creation under KPS's leadership.

Future Outlook

As Novacel prepares to embark on this new chapter, the partnership aims to deepen customer relationships and expand its innovative product offerings in the surface protection market. KPS Capital Partners is recognized for its focus on improving operational efficiencies and driving investment returns through partnerships with management teams, setting the stage for Novacel's future successes.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advice, while Rothschild & Co. served as KPS’s financial advisor throughout the transaction process.

For more detailed insights into Novacel's products, visit www.novacel-solutions.com. For information about Chargeurs, check www.chargeurs.com. KPS Capital Partners can be viewed at www.kpsfund.com.