KPS Capital Partners, LP buys Novacel from Compagnie Chargeurs Invest SA
Carved out from Compagnie Chargeurs Invest SA, the manufacturer serves more than 3,000 customers across building, industrial, appliance and transportation applications.
The corporate carve-out of Novacel from Compagnie Chargeurs Invest SA gives KPS Capital Partners, LP a global manufacturer of process and protective films, technical tapes and specialty machines.
Founded in 1982 as the seller's processing and protective films division, Novacel makes products used to protect industrial surfaces during manufacturing, transport and installation.
The company serves more than 3,000 customers across building, industrial, appliance and transportation applications, with operations spanning Europe, the Americas and Asia-Pacific.
Its core manufacturing facilities are in France, Italy and the United States, supported by service and distribution centers globally.
H.I.G. WhiteHorse provided financing to support the carve-out and Novacel's transition into an independent platform under KPS Capital Partners, LP ownership.
Terms were not disclosed.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.