Following the announcement of an exclusivity agreement in January 2022, global private equity firm Astorg has completed its investment in ARMOR-IIMAK, an ARMOR Group company, via its newly launched Mid-Cap fund.
Hubert de Boisredon and ARMOR-IIMAK’s Management team remain the majority shareholders with Astorg owning a 40% stake in the business.
Headquartered in Nantes, France, ARMOR-IIMAK, is a specialist in thermal transfer ribbons, which are inked films used as consumables for the thermal transfer printing industry.
This transaction marks the second investment made by Astorg’s Mid-Cap fund.
