Houlihan Lokey Advises Equistone Partners Europe

Houlihan Lokey is pleased to announce that Equistone Partners Europe (Equistone) has acquired Heras Perimeter Protection (Heras), a leading provider of perimeter protection in Europe, from CRH plc, a global building materials group. Houlihan Lokey served as the exclusive buyside M&A and financing advisor. The transaction closed on September 26, 2019.

Equistone is an independent private equity firm investing in Europe, focusing on France, Germany, Switzerland, the Netherlands, and the UK, and investing as a strategic partner alongside management teams. The sponsor invests out of its most recently closed fund, Equistone Partners Europe Fund VI, with total capital commitments of €2.8 billion.

Founded in 1952, Heras provides mobile and permanent perimeter protection systems, products, and services, including fencing systems, manual and automated gates, hostile vehicle mitigation barriers, and electronic perimeter detection products. Heras has a strong presence in the Netherlands, UK, Sweden, Norway, Germany, and France. 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 hospitals. The range of mobile protection products is primarily used to secure construction sites and major events for construction companies, public authorities, event organisers, rental companies, distributors, wholesalers, and installers.