Global law firm Clifford Chance has advised Equistone Partners Europe (“Equistone”), one of Europe’s most active mid-market private equity investors, on its conditional agreement to sell the Funds’ investment in Heras, an established European end-to-end supplier of permanent and mobile perimeter protection solutions, to European perimeter and technical security company Garda Group.

Headquartered in Oirschot in the Netherlands, Heras has operations in eight countries, offering customers in more than 20 markets end-to-end perimeter security solutions that cover all aspects from design, manufacturing, installation to maintenance and repairs. Today, 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 Clifford Chance team was led by Jeroen Thijssen and further consisted of Hansuya Reddy, Ruben van Diepen, Robert Bulte, Bruno Weisser Lopez (Corporate), Floris van de Bult, Sanne Blankestijn, Iga Mamczarz, Inge De Bruin (Employment), Wijnanda Rutten (Pensions), Michiel Sunderman, Stern Flik, Cile Arnoldy (Tax), Serkan Ozel and Laura Stegeman (Notarial) with support from Brussels, Frankfurt and Paris offices.