



Revenue at acq.
€226m
Revenue at exit
€239m



>2x
EBITDA growth

>100%
EBITDA margin expansion
Govers Hekwerk
Apr 2025
BA-KRO
May 2024
SER Hegn
Dec 2020
Heras has undergone a significant transformation since the Equacy team came on board in 2019 and is now in an exceptionally strong position in the European market.
EMMANUEL RIGAUX, CEO
HERAS

Hubert van Wolfswinkel
Managing Partner
Hubert van Wolfswinkel
Managing Partner
* Equistone Partners Europe Limited acts as manager to Equistone funds on the investment listed above. The Equistone fund investment listed above forms part of the Equacy team track record as relevant to the strategy of Equacy.