For this transaction, the Quimper-based group, which was 100% family-owned, is partnering with a new investor. They chose Unexo, a regional investor, to further strengthen Armor-lux’s local roots in its territory.
This funding round aims particularly to support the management transition from Jean-Guy Le Floch, who had taken over the group in 1993 with Michel Gueguen, to a team of three executives: Yannick Le Floch, Thomas Gueguen, and Philibert Carminati.
With 100 company-owned and affiliated stores, the Armor-lux group employs 600 people and generated revenue of 119 million euros in 2023.
Participants
Company: Armor-Lux – Jean-Guy Le Floch (President), Yannick Le Floch, Thomas Gueguen, Philibert Carminati (Managing Directors)
Investor: Unexo – Jean-Luc Creach, Eric Poisson, Romain David
Banking Partner: Caisse Régionale de Crédit Agricole du Finistère
Advisors
Legal Due Diligence for Unexo: Cornet Vincent Ségurel
- Corporate and coordination : René-Pierre Andlauer, Valentin Quiviger
- Intellectual Property: François Herpe, Alexandre Chaboureau
- Employment law: François-Xavier Michel, Angéline Lepigoché
- Tax law: Pierre Lamidon, Lucas Desiles
- Commercial law: Marine Guillodo
- Real estate law: Benoit Bommelaer, Marion David
Financial Due Diligence: Forvis Mazars FAS – Isabelle Tristan, Benjamin Raut, Tom Geerlandt
Attorneys for Unexo : Cornet Vincent Ségurel – René-Pierre Andlauer, Valentin Quiviger
Attorney for Armor-Lux: LCE Avocats Notaires – Valérie Tallec
