Portfolio Companies

Saluc International, S.A.

Saluc International is the manufacturer of the famous Aramith Belgian Billiard Ball. The company is over 80 years old and is located in southern Belgium. The partners of Armand control this company through a US holding company, Armand Capital Group, LLC. The partners of Armand serve on the board of both the holding company and the Belgian operating company. In addition, Armand has been designated the investment manager for Saluc International. For more information on Saluc, please visit its website at: http://www.saluc.com.

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Revell GmbH & Co KG

RG International, a US holding company, acquired the European operations of Revell, Revell GmbH & Co KG, the world's leading manufacturer of plastic model kits and die cast collectibles. The partners of Armand, in concert with management, initiated this spin off from the former US parent and currently serve as advisors and board members to the company. For more information on Revell, please visit its website at http://www.revell.de.

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