Patrimonium provides financing for the acquisition of SER Hegn by Heras.
The Patrimonium Middle Market Debt Fund, a debt fund focused on medium-sized companies managed by Patrimonium Asset Management AG (“Patrimonium”), has provided debt financing for the acquisition of SER Hegn by its portfolio company Heras.
Heras, founded in 1952 and headquartered in the Netherlands, is a leading supplier of mobile and permanent perimeter protection solutions including fencing systems, manual and automatic gate systems, vehicle barriers and electronic surveillance systems. With more than 1,100 professionals and offices and production facilities in eight European countries Heras generates annual revenues of more than EUR 220 million.
SER Hegn, a long standing partner of Heras, is a leading provider of fencing and perimeter protection systems in Denmark and offers installation, maintenance and repair services. With the acquisition Heras strengthens its presence in the Scandinavian market and accelerates the strategy to drive the consolidation in a fragmented market.
In September 2019, Patrimonium provided debt financing to Equistone for the acquisition of Heras from CRH plc. The debt package also included working capital and acquisition facilities to support Equistone´s and Heras` growth strategy.
Equistone Partners Europe is one of the leading European private equity investors with a team of more than 40 investment professionals and offices in Germany, Switzerland, the Netherlands, France and the United Kingdom.