The Firm represented CVC Capital Partners (“CVC”) in connection with its acquisition of a majority interest in Hermes Transportes Blindados S.A. (“Hermes”), for an enterprise value of approximately $400 million. The transaction marks CVC’s first investment in Peru.
Based in Lima, Peru, Hermes is a leading provider of cash management services with a nationwide network of 18 branches, 228 armored vehicles and over 3,700 employees. Hermes offers valuable logistics, cash processing and custody services to a blue chip client base comprised of more than 1,000 active clients in the financial, retail, utilities and mining segments.
The Simpson Thacher team included S. Todd Crider, Luis R. Pellerano and Siddharth Fresa (M&A – Latin America); Andrew B. Purcell and Edward Grais (Tax); David Caldwell and Rafael M. Loureiro (Regulatory); and Gareth Earl and Daniel Lloyd (Funds).