CVC Capital Partners’ $400 Million Acquisition of Hermes Transportes Blindados

Simpson Thacher and Rodrigo, Elías & Medrano advised CVC Capital Partners on the deal. Ropes & Gray advised investment funds affiliated with The Carlyle Group. Hernández & Cía. advised The Carlyle Group.

CVC Capital Partners executed the acquisition of a majority interest in Hermes Transportes Blindados S.A., for an enterprise value of approximately $400 million. The transaction marks CVC’s first investment in Peru.

Based in Lima, Peru, Hermes is a leading provider of cash management services with a nationwide network of 18 branches, 228 armored vehicles and over 3,700 employees. Hermes offers valuable logistics, cash processing and custody services to a blue chip client base comprised of more than 1,000 active clients in the financial, retail, utilities and mining segments.

The Simpson Thacher team included S. Todd Crider (Picture), Luis R. Pellerano and Siddharth Fresa (M&A – Latin America); Andrew B. Purcell and Edward Grais (Tax); David Caldwell and Rafael M. Loureiro (Regulatory); and Gareth Earl and Daniel Lloyd (Funds).

Rodrigo, Elías & Medrano advised CVC Capital Partners with  Luis Enrique Palacios, Eduardo López Sandoval, Efraín Salazar and Nicolás Cornejo Germer.

The Ropes & Gray team that advised The Carlyle Group was led by private equity partnerGarrett Charon (New York) and included tax partner David Saltzman (Boston), and litigation & enforcement partners Colleen Conry (Washington D.C.) and Amanda Raad (London) as well as litigation & enforcement counsel Sean Seelinger (London).

Hernández & Cía. advised The Carlyle Group with Juan Luis Hernández Gazzo, Diego Carrión Álvarez Calderón, Sandro Cogorno, Fernando Núñez Ciallella, Verónica Balta Velarde,  Erick Calla, Jimmy Matos and María Alejandra Justo.

Involved fees earner: Verónica Balta – Hernández & Cía Abogados; Erick Calla – Hernández & Cía Abogados; Diego Carrión – Hernández & Cía Abogados; Sandro Cogorno – Hernández & Cía Abogados; Juan Luis Hernández – Hernández & Cía Abogados; María Alejandra Justo – Hernández & Cía Abogados; Jimmy Matos – Hernández & Cía Abogados; Fernando Núñez – Hernández & Cía Abogados; Nicolas Cornejo – Rodrigo, Elías & Medrano Abogados; Eduardo López – Rodrigo, Elías & Medrano Abogados; Luis Enrique Palacios – Rodrigo, Elías & Medrano Abogados; Efraín Salazar – Rodrigo, Elías & Medrano Abogados; Garrett Charon – Ropes & Gray; Colleen Conry – Ropes & Gray; Amanda Raad – Ropes & Gray; David Saltzman – Ropes & Gray; Sean Seelinger – Ropes & Gray; David Caldwell – Simpson Thacher & Bartlett; Todd Crider – Simpson Thacher & Bartlett; Gareth Earl – Simpson Thacher & Bartlett; Siddharth Fresa – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Daniel James Thomas Lloyd – Simpson Thacher & Bartlett; Rafael Loureiro – Simpson Thacher & Bartlett; Luis Pellerano – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett;

Law Firms: Hernández & Cía Abogados; Rodrigo, Elías & Medrano Abogados; Ropes & Gray; Simpson Thacher & Bartlett;

Clients: Carlyle Group; CVC Capital Partners;

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Author: Ambrogio Visconti