Global private equity firm Astorg has signed an exclusivity agreement to invest in ARMOR-IIMAK via its newly launched Mid-Cap fund in partnership with Hubert de Boisredon, ARMOR Group’s Chairman and CEO, and its management team.
De Boisredon and ARMOR-IIMAK’s Management team will remain the majority shareholders with Astorg acquiring a c40 per cent 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, and represents a typical Astorg deal, with ARMOR-IIMAK being a B2B global leader positioned in an attractive and growing niche market.
