The Patrimonium Middle Market Debt Fund, a debt fund focused on medium-sized companies managed by Patrimonium Asset Management AG (“PATRIMONIUM”), has provided financing for the acquisition of Heras by Equistone Partners Europe (“Equistone”) in September 2019. Equistone acquired the business from CRH Plc. The financial terms of the transaction are undisclosed.
Heras, founded in 1952 and headquartered in Oirschot, the Netherlands, is a leading supplier of mobile and permanent perimeter protection solutions. These include fencing systems, manual and automatic gate systems, vehicle barriers and electronic surveillance systems. Heras employs more than 1,000 professionals in seven European countries and generates annual revenues of more than EUR 220 million.
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.