Ashurst advised Patrimonium Middle Market Debt Fund, managed by Patrimonium Asset Management AG (Patrimonium), on the financing of the acquisition of Heras by Equistone Partners Europe (Equistone). The financial terms of the transaction are undisclosed.
Heras, founded in 1952 and headquartered in Oirschot, the Netherlands, is a leading supplier of mobile and permanent perimeter protection solutions. These include fencing systems, manual and automatic gate systems, vehicle barriers and electronic surveillance systems.
Patrimonium Asset Management AG is a Swiss independent alternative investment management company regulated by the Swiss Financial Markets Authority (FINMA). Patrimonium offers investment opportunities in real estate, private debt, private equity and infrastructure to Swiss qualified and international professional investors. The group is mainly active in Germany, Switzerland and Austria. It employs over 50 professionals with offices in Lausanne, Zurich and Zug. Patrimonium currently manages around CHF 3 bn in assets.
The Ashurst team was led by Dr Tobias Krug, Anne Grewlich and Nikolos Tsagareli (all Frankfurt) and supported by Arnaud Wtterwulghe (Brussels), Martyn Rogers (London), Pierre Roux (Paris), Dhruv Kaushal (London), Camille Louis-Joseph (Paris) and Fei Li (Munich).
Advice on Dutch law was provided by the NautaDutilh team David Viëtor, Lesley Giesberts - van Cappellen, Nadine Platenburg, Eva Haans and Michiel Jaeger (all Amsterdam).
