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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.
Compagnie Chargeurs Invest has entered exclusive negotiations to sell its Novacel protective films business to KPS Capital Partners, possibly keeping a 25% stake, with a transaction possible in the first half of 2026.
Daicel Corporation and Inabata & Co., Ltd. have entered into a stock purchase agreement and joint venture agreement to establish Novacel Co., Ltd., which will succeed Daicel group's research, development, and sales in resin coloring and compounding. Novacel will commence operations on July 1, 2024.