At what enterprise value was NOVACEL acquired in 2025?

During the acquisition of NOVACEL by KPS CAPITAL PARTNERS in 2025, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

What was the EV/EBITDA of NOVACEL when it was acquired by KPS CAPITAL PARTNERS?

The estimated EV/EBITDA multiple for NOVACEL is in the range of 5x - 12x.

When was NOVACEL acquired by KPS CAPITAL PARTNERS?

NOVACEL was acquired by KPS CAPITAL PARTNERS in 2025.

What was the revenue of NOVACEL at the time of the deal?

The revenue of NOVACEL at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of NOVACEL during the acquisition?

NOVACEL's EBITDA is estimated to be in the range of 10M - 30M EUR.

How is the data for the NOVACEL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NOVACEL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://investir.lesechos.fr/actu-des-valeurs/la-vie-des-actions/compagnie-chargeurs-invest-novacel-bientot-dans-lescarcelle-de-kps-capital-partners-2200513

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

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Home Database Industry & ManufacturingNOVACEL

11/2025

NOVACEL acquired by KPS CAPITAL PARTNERS

FRANCE Chemicals & Materials / Material Transformation / Plastics EV 100M - 350M EUR

Context

Compagnie Chargeurs Invest entered into exclusive negotiations to sell a 75% controlling stake in Novacel to KPS Capital Partners, while retaining a 25% minority interest. The all-cash transaction is part of a broader portfolio rebalancing strategy for Chargeurs, allowing the group to reduce debt, strengthen equity, and focus resources on its "Museum Studio" and "Fashion" divisions. For Novacel, backing from KPS provides the capital necessary to pursue external growth and deeper expansion in Asia and LATAM. The deal was favored due to KPS's operational expertise and low-leverage model. Completion is expected in H1 2026.

NOVACEL, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Novacel is a world-leading manufacturer of self-adhesive surface protection solutions and technical tapes. Historically the largest division of Chargeurs Invest (accounting for ~41% of revenue), the company designs temporary protective films used to preserve the integrity of materials such as stainless steel, glass, aluminum, and plastics during processing, transport, and installation. Novacel operates a global Corporate footprint and serves highly demanding sectors including construction, automotive, and electronics. With a 9-month revenue of EUR220M in 2025 (implying a ~EUR295M annual run-rate), the company is pivoting towards sustainable adhesive technologies and accelerating its presence in high-growth markets like Asia and South America.

Ent. Value

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2023

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2025	STONEPEAK	CASTROL	UNITED KINGDOM	Specialty Chemicals
12/2025	INESSENS	LE SANGLIER PACKAGING	FRANCE	Paper & Cardboard
11/2025	ARCOLE / BENALU-LEGRAS	METHAL	FRANCE	Metallurgy / Foundry
11/2025	AKZO NOBEL DECORATIVE PAINTS SOUTH EAST ASIA	AXALTA COATING SYSTEMS	UNITED STATES	Paints & Coatings
11/2025	COIM GROUP	NOTEDOME	UNITED KINGDOM	Plastics
11/2025	BPIFRANCE / BNP PARIBAS DEVELOPPEMENT	SACRED	FRANCE	Plastics
11/2025	ARSENAL CAPITAL PARTNERS	THERMOSAFE	UNITED STATES	Packaging & Containers
10/2025	GRIGEO	Huchtemeier Papier	GERMANY	Paper & Cardboard
09/2025	FRENCH FOOD CAPITAL	SOPANO	FRANCE	Labels & Adhesives
09/2025	FLORAC	MAKAO	FRANCE	Paper & Cardboard

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NOVACEL by KPS CAPITAL PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: kps capital partners