Astorg Mid-Cap invests in ARMOR-IIMAK in partnership with existing management team
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