Shearman & Sterling advised Heras, a portfolio company of Equistone Partners Europe (Equistone), on the financing of the acquisition of SER Hegn, a Danish specialist in fencing and perimeter protection systems.
With more than 30 years of market experience, SER Hegn, headquartered in Fredericia, Denmark, is a market leader in fencing and perimeter protection systems and has been a partner of Heras for many years. SER Hegn offers bespoke installation, maintenance and repair services and has a strong regional presence with a focus on customer orientation. The merger with Heras will enable additional sales and logistics capabilities and grow the company’s Scandinavian presence.
Founded in 1952, Heras provides a broad portfolio of mobile and permanent perimeter protection solutions, including fencing systems, hostile vehicle mitigation barriers and electronic perimeter detection equipment, all of which can be tailored to specific customer needs. With both production facilities and sales offices in the Netherlands, Belgium, Sweden, Norway, Germany, France, the UK and now also in Denmark, Heras has over 1,100 employees and generates annual revenue of €220 million.
The Shearman & Sterling finance team led by partner Winfried M. Carli previously advised Equistone on the financing of the acquisition of Heras in 2019.