# Chargeurs signs agreement to sell Novacel to KPS Capital Partners

Compagnie Chargeurs Invest has signed a binding put option agreement to sell Novacel to KPS Capital Partners for approximately €230 million in cash, while reinvesting €30 million to retain a 25% minority stake.

- Type: Acquisition
- Announced: 2026-01-26
- Where: United States
- Value: $250.0M (230.0M EUR)
- Status: announced
- Products: industrial surface protection
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Compagnie Chargeurs Invest](https://endata.com/companies/88684.md)
- [KPS Capital Partners](https://endata.com/companies/1184.md) (acquirer)
- [JENNMAR Corporation](https://endata.com/companies/17439.md) (target)
- [Novacel Co., Ltd.](https://endata.com/companies/76302.md) (target)

## Sources

- [lesechos-comfi.lesechos.fr](https://lesechos-comfi.lesechos.fr/press-release/chargeurs-epa-bgo-signing-of-the-agreement-with-kps-for-the-sale-of-novacel-g7QbIFPF0xQ), 2026-01-26: "Chargeurs signs an agreement with KPS for the sale of Novacel, thereby strengthening its strategic and financial profile"
- [boersennews.de](https://www.boersennews.de/nachrichten/meldungen/eqs/eqs-news-kps-capital-partners-to-acquire-a-controlling-interest-in-jennmar/5069463/), 2026-03-12: "KPS Capital Partners, LP announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire a controlling interest in Jennmar and its affiliates."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.