Clifford Chance Amsterdam advised Equistone, one of Europe’s leading mid-market private equity firms, on the acquisition of Heras from CRH plc.
The financial terms of the transaction are undisclosed and the acquisition remains subject to clearance from the relevant competition authorities.
Founded in 1952, 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. The company has a strong European presence, with sales offices in the Netherlands, United Kingdom, Sweden, Norway, Germany and France. Its production facilities are in the Netherlands, Belgium, France, Sweden and the UK. Heras has over 1,100 employees and generates annual revenues of over €220 million.
Equistone is an independent investment firm, which operates across France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams.
A cross-border team including outside counsel was led by Jeroen Thijssen (Picture), Hansuya Reddy, Femke Buijs and Ruben van Diepen from Amsterdam, and furthermore consisted of Floris van de Bult, Wijnanda Rutten and Marije Senne (Employment), Jaap Tempelman, Pascal van Zweden and Sophie Wijdeveld (IP/IT), Stern Flik, Nolan Groenland and Robin Houtveen (Tax) and Lotte de Bruin (Real Estate) in Amsterdam, Christopher Sullivan and Mark Inkester (Corporate), Iain Smith and Alis Pay (Real Estate) and Sarah McAleer (Employment) in London, Markus Muhs, David Schwenneker and Sebastian Lahner (Corporate) and Martin Barlösius (Real Estate) in München and Gilles Lebreton and Aicha Ahardane (Corporate) and Clément Silve (Real Estate) in Paris.
Involved fees earner: Femke Buijs – Clifford Chance; Hansuya Reddy – Clifford Chance; Wijnanda Rutten – Clifford Chance; Marije Senne – Clifford Chance; Jaap Tempelman – Clifford Chance; Jeroen Thijssen – Clifford Chance; Floris van de Bult – Clifford Chance; Ruben van Diepen – Clifford Chance; Pascal van Zweden – Clifford Chance; Sophie Wijdeveld – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Equistone Partners Europe;