7 August 2019
- Jeroen Thijssen, Hansuya H. Reddy, Floris Van de Bult, Wijnanda A.W. Rutten, Jaap J.A. Tempelman, Stern S.A.S. Flik, Nolan N.I. Groenland, Lotte De L Bruin
Clifford Chance Amsterdam advises Equistone on the acquisition of Heras
Clifford Chance Amsterdam advised Equistone, one of Europe’s leading mid-market private equity firms, on the acquisition of Heras from CRH plc. Heras, headquartered in Oirschot in the Netherlands, is a leading provider of perimeter protection solutions. 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’s portfolio of medium- to high-security permanent solutions are used in applications ranging from border control, military bases and critical infrastructure through to schools and playgrounds. Its solutions can be tailored and specified to customer needs and supplemented with installation, systems integration, commissioning and maintenance and repair services. The company’s range of mobile protection products are primarily used to secure construction sites and major events, with customers including construction companies, public authorities, event organisers, rental companies, distributors, wholesalers and installers.
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.
A cross-border team including outside counsel was led by Jeroen Thijssen, 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.