#United States #H.I.G. Capital #London #KPS Capital #Novacel

H.I.G. WhiteHorse Provides Financing to Novacel

H.I.G. WhiteHorse, the credit affiliate of the renowned alternative investment firm H.I.G. Capital, has recently announced that it has provided financing to support the acquisition of Chargeurs Films de Protection, also known as Novacel, by KPS Capital Partners. This strategic move is part of a broader initiative to enhance the growth and operational independence of Novacel following its separation from Compagnie Chargeurs Invest SA.

Background on Novacel

Founded in 1982 as a division of Compagnie Chargeurs Invest SA, Novacel has established itself as a premier manufacturer of protective films, technical tapes, and specialized machines designed to shield industrial surfaces during production, transport, and installation. With a significant global presence, Novacel caters to over 3,000 clients across diverse industrial sectors, notably in construction, manufacturing, and transport. The company's manufacturing facilities are strategically located in France, Italy, and the United States, ensuring a robust supply chain and support network.

Importance of the Financing

The new financing package is pivotal as it facilitates Novacel's transition into a stand-alone entity. This strategic separation marks a new chapter in its operational journey, allowing the company to execute its growth strategy more effectively under the guidance of KPS Capital Partners. Pascal Meysson, Head of H.I.G. WhiteHorse Europe, emphasized the longstanding relationship with KPS, highlighting their stature as a Tier 1 sponsor. He noted that Novacel embodies the characteristics of a successful carve-out, including a leading market position, deep industry expertise, and strong customer relationships, all of which are critical for future growth.

H.I.G. Capital's Role

H.I.G. Capital is recognized as a significant player in the alternative investment space, managing an impressive $75 billion in capital globally. The firm specializes in providing both debt and equity capital to middle-market companies, utilizing a flexible and operationally-focused approach. Their investment strategy encompasses both profitable and underperforming service and manufacturing businesses, emphasizing a tailored strategy to enhance business value.

Apart from financing, H.I.G. Capital's portfolio includes over 400 companies, reflecting its extensive experience in managing diverse sectors. With this latest investment in Novacel, they aim to leverage their deep expertise in supporting complex carve-outs and industrial companies, ensuring that Novacel is well-positioned for long-term success.

Conclusion

The financing provided by H.I.G. WhiteHorse marks a significant milestone in Novacel's journey. It underscores the firm’s commitment to empowering its portfolio companies while facilitating their growth strategies. As Novacel embarks on this independent path, the collaboration between H.I.G. and KPS Capital Partners is expected to foster innovation and expansion within the industry, ultimately benefiting its vast customer base. For further insights on Novacel and its offerings, please visit novacel-solutions.com.

In summary, this funding endeavor not only illustrates the potential for growth in the protective films and specialty tapes market but also emphasizes the strength of partnerships in facilitating significant corporate transitions.