Loomis has completed its acquisition of 99.8% of Hermes Transportes Blindados, paying approximately $297 million, or about SEK 3 billion, for the tendered shares and establishing an operating presence in Peru.
The transaction completed on 5 October 2026 following the public tender offer launched in August. Loomis acquired 87,072,827 Hermes shares, representing 99.8% of the outstanding shares, after shareholders representing 99.49% had previously agreed to support the offer. Hermes had been valued at an enterprise value of approximately SEK 4 billion, or PEN 1.45 billion, on a cash- and debt-free basis.
Hermes is a Peruvian security logistics business providing transportation, processing and secure storage of valuables, including cash, precious metals and minerals. It also provides ATM management and cash-processing services. The company employs approximately 3,400 people, operates 19 branches and serves around 1,000 customers across financial services, industry, retail, the public sector and mining.
Following completion, Hermes will be reported within Loomis’s Europe and Latin America segment. Hermes’ management team and employees will remain with the business.
The acquisition financing was initially structured through a committed bridge facility and guarantee facility coordinated by Nordea Bank and Société Générale. Ahead of closing, those facilities were refinanced using proceeds from Loomis’s EUR 300 million bond issuance.
Buyer / Parties: Loomis AB; CVC Capital Partners and other minority shareholders
Target: Hermes Transportes Blindados
Sector: Security logistics, cash and valuables management
Deal type: Strategic acquisition / private equity exit / public tender offer
Value: Approximately SEK 4.0 billion enterprise value; approximately SEK 2.98 billion cash consideration for tendered shares
Geography: Sweden / Peru / Latin America
Identified advisers: Nordea Bank, Société Générale, Latham & Watkins, Mannheimer Swartling and Simpson Thacher & Bartlett
The acquisition establishes Loomis in Peru and expands its Latin American operations through a business with 19 branches, approximately 3,400 employees and around 1,000 customers. Hermes adds cash and valuables transportation, secure storage, ATM management and cash-processing capabilities and will be integrated into Loomis’s Europe and Latin America reporting segment.
Buyer / Investor: Nordea Bank and Société Générale acted as financial advisers to Loomis and structured and coordinated the acquisition financing. Latham & Watkins and Mannheimer Swartling acted as legal advisers to Loomis.
Seller / Target: Simpson Thacher & Bartlett acted as legal adviser to CVC Capital Partners.
More from Finance Gazette: Deals | Interviews | Business
