Equistone Partners to buy Heras
Summary
Munich/Amsterdam/Oirschot, 24 July 2019 – Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity firms, has agreed to acquire Heras (“Heras” or “the company”) from CRH plc. The company has a strong European presence, with sales offices in the Netherlands, United Kingdom, Sweden, Norway, Germany and France. Following the carve-out of the company from CRH plc by Equistone, Heras intends to grow as a platform for consolidation by identifying potential add-on opportunities in a fragmented market. Together we will continue to develop and provide high-quality, innovative mobile and permanent perimeter protection solutions to meet the ever-evolving safety and security needs of the market.” Dirk Schekerka, Hubert van Wolfswinkel and Moritz Treude led the transaction on behalf of Equistone. The firm was advised by Munich Strategy (Commercial), EY (Financial, IT, Operations & Tax), Clifford Chance (Legal), ERM (Environmental, Health & Safety) and Houlihan Lokey (M&A, Financing).