KPS Capital Partners Acquires Controlling Stake in Novacel, Boosting Surface Protection Solutions

KPS Capital Partners to Acquire Controlling Stake in Novacel

In a significant move within the manufacturing industry, KPS Capital Partners, LP has revealed its plans to acquire a controlling interest in Chargeurs Films de Protection SAS, commonly known as Novacel. This acquisition is designed to position Novacel as a leader in the surface protection solutions sector across various applications, including building equipment, transportation, and appliances.

Details of the Acquisition

On January 26, 2026, KPS announced that it has entered into a definitive agreement through a newly formed affiliate to undertake this acquisition. Notably, Compagnie Chargeurs Invest SA (Chargeurs) will retain a 25% ownership stake in Novacel while investing alongside KPS, fostering a partnership aimed at enhancing the company's strategies and market value. Although specific financial terms of the deal were kept confidential, the completion of the transaction is anticipated in the second quarter of 2026, pending customary closing conditions and necessary approvals.

About Novacel

Located in Deville, France, Novacel stands out as a prominent global manufacturer specializing in surface protection solutions. The company’s comprehensive portfolio includes various offerings such as process films, protection films, tapes, and even specialty machines. Operating out of six manufacturing facilities and three research and development centers, Novacel employs around 700 individuals and serves vast markets in France, Italy, and the United States.

The potential for growth and the innovative product line offered by Novacel make it an appealing target for KPS, which has expressed excitement about taking on this new venture.

Statements from the Leaders

Pierre de Villeméjane, a partner and co-head of KPS Mid-Cap Investments, articulated the firm's enthusiasm for Novacel, noting, “We are excited to acquire a controlling stake in Novacel, a differentiated surface protection solutions manufacturer... We look forward to working with Novacel's talented management team.”

Philippe Denoix, Chief Executive Officer of Novacel, echoed similar sentiments, expressing belief in KPS as the ideal partner for the company’s next growth phase as an independent entity. He mentioned, “KPS, with its demonstrated track record of manufacturing excellence, is the ideal next owner…” indicating a commitment to expanding Novacel’s technical leadership and innovation.

Michaël Fribourg, Chairman of Chargeurs, expressed confidence in KPS's strategic vision for Novacel, predicting a fruitful partnership that would enhance earnings growth under KPS' stewardship. This alignment demonstrates a mutual commitment to driving industry advancements in the surface protection market.

Strategic Insights

KPS Capital Partners is recognized for its exclusive focus on generating substantial capital appreciation through controlling equity investments in industrial and manufacturing sectors. With approximately $19.5 billion in assets under management, KPS has a long-standing history of operational excellence and value creation, which is expected to benefit Novacel significantly.

Both KPS and Chargeurs have shown a strong conviction in Novacel’s potential to thrive post-acquisition. As Novacel prepares for an exciting future with KPS Capital Partners, the groundwork has been laid for enhanced growth and innovation in the surface protection solutions market.

Conclusion

The acquisition of Novacel aligns KPS Capital Partners with a critical manufacturing player, promising to improve product offerings and expand market reach. Moving forward, the collaboration is set to yield innovative products and bolster customer relationships on a global scale, ultimately reshaping the landscape of surface protection solutions.

For more information about Novacel and their extensive product range, visit Novacel's official website.