Arkéa et al. in Armor SBO

The management team, led by CEO Hubert de Boisredon, increased its stake in the business, having previously held a stake of around 60%.

Private equity firm Unexo (Crédit Agricole's investment arm) has joined the consortium as a new investor.

In April 2014, Hubert de Boisredon led a management buyout of Armor. Arkéa, the lead financial backer, invested €30m as part of the shareholder restructuring. Siparex injected €5m.

Armor is now considering acquisitions aiming at integrating new technologies and will look to expand internationally.

Company
Founded in 1922, Armor manufactures printer consumables. Headquartered in Nantes, Armor generated a turnopver of €256m in 2017. The business has a workforce of 1,850.

Advisers
Equity – Fidal (legal).
Company – Equalis Capital (corporate finance); LB Avocats (legal); Jones Day (legal).

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