Investing.com -- Chargeurs Invest stock jumped 4.5% after the company announced it has entered into exclusive negotiations with U.S. private equity firm KPS Capital Partners to sell a controlling stake in its Novacel business. Under the proposed all-cash transaction, Chargeurs would retain a 25% minority stake in Novacel, which represents approximately 40% of the group’s 2024 sales and EBITDA. The deal is expected to close in the first half of 2026, subject to due diligence and other conditions. Chargeurs indicated that proceeds from the sale would be used to reduce the company’s financial debt and may potentially enable a special dividend distribution to shareholders. The financial terms of the transaction were not disclosed as the deal has not yet been completed. KPS Capital Partners, which manages approximately $19 billion in assets, specializes in acquiring and transforming industrial and manufacturing businesses. The firm is known for its operational improvement approach rather than purely financial engineering. "The disposal of Novacel is a transformative move given Novacel’s weight in the group (around 40% of 2024 sales and EBITDA). We value 100% of Novacel at nearly EUR200m before any transaction premium (meaning EUR150m for 75%) as part of our SOTP valuation," Kepler analysts noted. The potential divestiture represents a significant strategic shift for Chargeurs as it restructures its portfolio while maintaining partial exposure to Novacel’s future performance through its retained minority stake. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for CRIP plus thousands of other stocks and find your next hidden gem with massive upside. Full access now available at 55% off for Black Friday early birds!

H.I.G. WhiteHorse, a prominent alternative investment firm, announces financing to support Novacel's acquisition transition from Chargeurs.

H.I.G. WhiteHorse announces a critical financing partnership with Novacel, enhancing its capabilities for independent growth post-acquisition.

H.I.G. WhiteHorse announces financing for Novacel's acquisition by KPS Capital Partners, supporting growth and strategy expansion.

H.I.G. WhiteHorse has provided vital financing for the acquisition of Novacel by KPS Capital Partners, marking a significant industry shift. This partnership aims to promote Novacel's growth and independence.

H.I.G. WhiteHorse has announced a strategic financing agreement to aid Novacel in its acquisition by KPS Capital Partners, bolstering its growth in industrial markets.

KPS Capital Partners has secured a majority stake in Novacel from Compagnie Chargeurs Invest SA, aiming to enhance its market leadership in surface protection solutions.

KPS Capital Partners has entered a definitive agreement to obtain a controlling interest in Novacel from Chargeurs Invest, retaining significant potential for growth.

KPS Capital Partners announced its acquisition of a majority stake in Novacel, a leading surface protection manufacturer, while Chargeurs retains 25%.

KPS Capital Partners has officially acquired a controlling stake in Novacel, a leader in surface protection solutions, alongside Chargeurs. The transaction is set to enhance Novacel’s growth.