KPS sees growth runway
Pierre de Villeméjane, partner and co-head of KPS Mid-Cap Investments, described Novacel as a “differentiated surface protection solutions manufacturer” with a broad product offering and wide geographic reach.
“Novacel’s strong brand, renowned R&D capabilities and commitment to quality, combined with KPS’ strategic, operational and financial resources, provide an ideal foundation for future growth,” he said.
How Chargeurs plans to use the proceeds
Chargeurs said the cash from the sale will be directed toward paying down debt, developing its remaining businesses and funding an exceptional dividend of up to €1.50 per share, subject to approval by the company’s governance bodies. The dividend is expected to be paid by June 30, 2027.
Timeline and regulatory path
KPS and Chargeurs entered exclusive negotiations in November, the company said. The transaction is expected to close by June, pending employee consultation procedures, the signing of definitive agreements and required regulatory approvals.
Chargeurs also noted that the transaction does not trigger a mandatory tender offer for its shares under French law, according to the French Financial Markets Authority.
As Chargeurs To Sell Novacel moves toward completion, the deal highlights how legacy industrial groups are recalibrating — shedding assets, reshaping ownership and betting that focus, not size alone, will drive future growth.
