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News Sep 27, 2019

Equistone on Acquisition Financing of Heras

Shearman & Sterling advised Equistone Partners Europe (Equistone) on the financing of the acquisition of Heras, a leading provider of perimeter protection solutions, from CRH plc, a global building materials group. The company’s management team will also acquire a minority stake in the business. Heras will continue to be led by Gilles Rabot, who joined the business in 2015. The financial terms of the transaction are undisclosed.

Founded in 1952 and headquartered in Oirschot in the Netherlands, Heras provides mobile and permanent perimeter protection systems and products including fencing systems, manual and automated gates, hostile vehicle mitigation barriers and electronic perimeter detection products.

Equistone Partners Europe is one of the leading European equity investors with a team of more than 40 investment professionals in seven offices in Germany, Switzerland, the Netherlands, France and the United Kingdom. Equistone invests in established medium-sized companies with good market positions, above-average growth potential and an enterprise value of between €50 and €500 million.

Shearman & Sterling regularly advises Equistone on financing matters, most recently on the financing of the acquisition of Omnicare.

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