Paul, Weiss is advising KPS Capital Partners, LP, on its all-cash 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 agreement, the selling shareholder, Compagnie Chargeurs Invest SA, will invest alongside KPS and retain a 25% ownership interest. Financial terms were not disclosed. The deal is expected to be completed in the second quarter of 2026, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Rohan Dey, Will Aitken-Davies, Neel Sachdev and Kanesh Balasubramaniam, and includes partners Angelo Bonvino and Marco Bagnato; tax partners Robert Killip, Timothy Lowe and Jamie Chambers; antitrust partner Ross Ferguson; intellectual property partner John Patten and counsel Alex Zapalowski; executive compensation partners Jarrett Hoffman and Arian Mossanenzadeh; and environmental partner Stefanie Gitler.