H.I.G. WhiteHorse Secures Essential Financing for Novacel's Growth

H.I.G. WhiteHorse, the credit arm of H.I.G. Capital, has made headlines by providing crucial financing to facilitate the carve-out acquisition of Chargeurs Films de Protection, commonly known as Novacel, by KPS Capital Partners. This deal underscores the ongoing investment activities of H.I.G., which boasts a commendable $75 billion in assets under management, positioning it as a principal player in the alternative investment landscape.

Founded in 1982 under Compagnie Chargeurs Invest SA's processing and protective films division, Novacel has established itself as a formidable global manufacturer specializing in process and protective films, technical tapes, and specialty machines. With a robust customer base exceeding 3,000, the company serves various industrial sectors, enhancing the safety and integrity of surfaces during manufacturing, transport, and installation processes. Novacel operates a wide-reaching industrial network, with core manufacturing facilities strategically located in France, Italy, and the United States, and several service and distribution centers worldwide.

The current financing initiative aims to support Novacel’s transition into a fully independent entity following its carve-out from Compagnie Chargeurs Invest SA. It is expected to empower the company to initiate its growth strategy under the ownership of KPS Capital Partners. Pascal Meysson, the Head of H.I.G. WhiteHorse in Europe, expressed confidence in KPS as a top-tier partner, noting their longstanding relationship and mutual respect. He remarked, "Novacel possesses the essential attributes of a successful carve-out—leading market positions, extensive industrial expertise, solid customer relationships, and vast growth potential. This situation offers H.I.G. WhiteHorse the perfect opportunity to leverage our experience in complex carve-outs and industrial ventures."

Novacel's operational footprint is impressive, involving a multitude of markets and applications that span various industries, including building, industrial, appliance, and transportation. Its commitment to quality is evident in its diverse manufacturing capabilities and the extensive expertise within its workforce, ensuring it meets the rigorous demands of its clientele.

With this transformative deal, H.I.G. WhiteHorse continues to enhance its reputation in driving important financial initiatives that can significantly alter the trajectory of industrial firms. For more detailed insights, those interested can visit Novacel's official website at novacel-solutions.com

About H.I.G. Capital:
H.I.G. Capital is an esteemed global alternative investment firm, established in 1993, which has successfully invested in over 400 companies globally. The firm is headquartered in Miami, with a wide network of offices across the Americas and Europe, specializing in providing both equity and debt capital tailored to suit the unique needs of middle-market companies. The firm focuses on various investment strategies, ensuring that it not only funds businesses but also supports their long-term growth and operational success.

As it moves forward in its mission to create value through management buyouts, corporate recoveries, and targeted investments, H.I.G. is likely to remain a leading force in the industry, advocating for innovative financial solutions in a challenging economic landscape.