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Luxempart, a Luxembourg-based investment holding backed by entrepreneurial families, has invested in Boxine, the creators of the tonies® audio system for children, alongside Munich-based industrial holding Armira. The consortium around Armira, including Luxempart and other co-investors such as ATHOS Service GmbH and the family office of the Strüngmann family, will support the two founders and managing partners Patric Faßbender and Marcus Stahl in the realisation of the next phase of the development of Boxine and notably the roll-out of its internationalisation strategy.
John Penning, Head of Direct Investments of Luxempart, says: “As from our first meeting we have been impressed by the tonies® audio system as well as the enthusiasm and dedication of the two founders...
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