Mid-market private equity firm Equistone Partners Europe is to sell its investment in Heras, a European end-to-end supplier of permanent and mobile perimeter protection, to European perimeter and technical security company Garda Group.
Headquartered in Oirschot in the Netherlands, Heras has operations in eight countries and its services include design, manufacturing, installation, maintenance and repairs. The company employs around 1,000 people.
Through the agreed transaction, Heras will become part of Garda Group, which currently operates in the Nordics and Germany and includes brands such as Garda Sikring, Heda Security, KIBO Security, Great Security, Freihoff Gruppe, Gleich Gruppe, Schmid Alarm and vi2vi.
The transaction, which is subject to certain closing conditions, including completion of the Dutch works council consultation process and obtaining relevant regulatory clearances, marks Equistone’s fifth full exit of 2024.
