Hivest Capital and Novasol Chemicals enter into a strategic partnership to realize the next growth phase

Brussels, Paris, September 8^th, 2025 – Hivest Capital Partners S.A.S. (“Hivest Capital”), an independent European private equity firm, announces that it has entered into an agreement to acquire a participation in Novasol Chemicals (“Novasol”), a global specialty chemicals distributor headquartered in Belgium.

Founded in 1997, Novasol has grown into an international chemical distribution platform with operations across Europe, North America and Asia. Novasol distributes specialty chemicals and ingredients to more than 500 clients in over 50 countries, leveraging a broad product portfolio and strong technical expertise across two main verticals: life sciences and material sciences.

In recent years, Novasol has reinforced its organization by establishing a seasoned management team and professionalizing its governance. The company has expanded into new geographies, including Turkey and Poland, while strengthening its North American presence. In parallel, Novasol has initiated ESG actions, including sustainable packaging and logistics practices, and enhancing transparency and responsible practices across its supply chain.

Through this partnership, Hivest Capital will support Novasol’s ambitious growth strategy. Together, they intend to accelerate Novasol’s international expansion, with a focus on both organic and external growth, further strengthening the company’s position in a fragmented market.

The transaction is subject to customary conditions precedent and regulatory approvals.

François-Xavier Coiffard, CEO of Novasol: “This partnership with Hivest Capital marks a new chapter in Novasol’s growth story. With their support, we will accelerate our international expansion, pursue targeted acquisitions and continue to strengthen our position in high-value markets.”

Annie Okmez, General Manager of Novasol: “Over the past years, Novasol has laid the foundations of a scalable and resilient platform. Together with Hivest Capital, we will seize new opportunities to broaden our product offering, enter new geographies and further strengthen the Group’s organization to support our customers worldwide.”

Barthélemy Grave, Principal at Hivest Capital: “We warmly thank François-Xavier Coiffard and Annie Okmez for their trust. Over the years, they have built a resilient and diversified platform, recognized for its customer proximity. We are proud and excited to support an ambitious management team with a common goal: accelerate the international expansion of Novasol.”

About Novasol Chemicals

Novasol Chemicals is a global specialty chemical distributor with a diversified product portfolio across high-value end-markets such as pharmaceuticals, agrochemicals, personal care, CASE & polymers, and energy & environment. With more than 230 suppliers and longstanding blue-chip customer relationships, Novasol has built a reputation for service excellence, regulatory expertise and flexible supply solutions.

About Hivest Capital Partners

Hivest Capital Partners is an independent European private equity firm authorized by the Financial Markets Authority, with close to €1bn AUM. In the context of buyout or expansion projects, Hivest Capital Partners invests in mid-sized businesses with revenues generally ranging from €50million to €500million.  The private equity firm aims to help companies unlock their full potential through innovative growth strategies and operational performance improvements.

Participants

Buy-side

• Investor – Hivest Capital Partners: Cédric Lépée, Axel Bonnassies, Barthélemy Grave, Théophile Pouget-Abadie, Yousra Maataz, Maximilien Pignal, Vincent Garaïalde
• M&A Advisor – Nielen Schuman: Ernst Berger, Thomas Van de Steen
• Corporate and Legal Advisor –  Stibbe: Stefan Odeurs, Margaux Beyer, Sandro Christiaens, Nicolas Truyens
• Commercial Advisor – Arthur D Little: Guillaume Picq, Frédéric Duclos, Olivier Philipp
• Financial Advisor – KPMG Deal Advisory: Stijn Potargent, Maxime Masson, Joren Coussée
• Legal, Social and Tax Due Diligence – EY: Virginie Ciers, Jonathan de Landsheere, Nick Van Gils, Marc Korthoudt, Philippe Aerts
• Insurance Advisor – WTW: Margaux Rocher, Patrick Callens, Solange Maalouli
• IT Advisor – 8 Advisory: Jean Christophe Fuzzati, Clémence Pichon, Garance Luna

Sell Side

• Company – Novasol Chemicals: François-Xavier Coiffard, Annie Okmez, Anthony Okmez
• M&A Advisor – Oaklins KBC Securities: Thomas Roelens, Bart Delusinne, Dieter Simons, Michaël Rixhon, Pieter Vanhoudt, Emily Vandewoude
• Corporate and Legal Advisor –  Linklaters: Filip Lecoutre, Nils Vermeulen, Wouter De Muynck
• Commercial Advisor – Roland Berger: Grégoire Tondreau, Amaury van Custem, Elias Raskin
• Financial Advisor – BDO: Danielle Boerjan, Aurélie Vosse, Joren Joseph
• Tax Due Diligence – BDO: Michaël Vangenechten, Brigitte Braeckmans, Mercedes Valldosera, Hetal Kotecha, Kevin Macnab, Tine Mertens, Eline Van den Brande