KPS Acquires Leading Surface Protection Manufacturer Novacel

Paul, Weiss advised KPS Capital Partners, LP, on its all-cash carveout acquisition of a controlling stake in France-based Chargeurs Films de Protection SAS, aka Novacel, a leading global manufacturer of surface protection solutions. Novacel provides process and protection films, tapes, papers and specialty machines to the building, equipment, industrial, appliances and transportation markets.

Under the terms of the transaction the selling shareholder, Compagnie Chargeurs Invest SA, invested alongside KPS and retains an approximately 17% ownership interest. Financial terms were not disclosed.

The Paul, Weiss team was led by corporate partners Rohan Dey, Neel Sachdev and Kanesh Balasubramaniam, and includes partners Angelo Bonvino, Alena Thomas and Marco Bagnato; antitrust partner Ross Ferguson; tax partners Robert Killip, Timothy Lowe and Jamie Chambers and counsel Samir Kurani; intellectual property partner John Patten and counsel Alex Zapalowski; executive compensation partners Jarrett Hoffman and Arian Mossanenzadeh; real estate partner Peter Fisch; environmental partner Stefanie Gitler; and litigation partner Nicole Succar.