CVC today announces that it has entered into an agreement to sell CVC Capital Partners VII’s entire stake in Hermes Transportes Blindados S.A. (“Hermes”), a leading provider of cash management services in Peru, to Loomis for an enterprise value of SEK 4 billion (PEN 1,450 million). The transaction represents a full exit for CVC Funds. Financial terms of the transaction are otherwise not disclosed. The closing of the transaction is subject to customary approvals and is expected to close in the third quarter of 2026.
Hermes was founded in 1985 and is today a leading provider of cash management and secure logistics services in Peru. The business provides services that include transport, processing, storage and security custody of valuables such as cash, precious metals and high value minerals, as well as ATM management and collection services. Hermes serves around 1,000 clients across financial, retail, governmental, industrial and mining sectors. The company is publicly listed on the Lima stock exchange and is headquartered in Lima with 19 branches across the country and employing approximately 3,200 people nationwide.
Over the past six years, Hermes has achieved steady growth by developing new business lines, leveraging its proprietary data capabilities to unlock new revenue streams, enhancing its risk management framework and strengthening relationships with key clients. Today, Hermes is well-positioned for continued development under its new ownership.
We are proud of what Hermes has achieved during our partnership... We believe Hermes is well placed to continue its growth trajectory with Loomis.
Fernando Pinto Partner and Head of Latin America at CVC
“We are proud of what Hermes has achieved during our partnership,” said Fernando Pinto, Partner and Head of Latin America at CVC. “The company has demonstrated resilience and adaptability in a challenging environment, while continuing to deliver high-quality services to its clients. We believe Hermes is well placed to continue its growth trajectory with Loomis.”
Mirella Velásquez Castro, CEO of Hermes, said: “With CVC’s support, we have strengthened our operations, expanded our service offering and reinforced our position in the Peruvian market. We would like to thank Fernando and his team for all their support over the past six years. We are now very well positioned for our next stage of development.”
CVC has been an established player in Latin America for over 10 years. In this time it has partnered up with successful businesses in the region. In addition to Hermes, CVC has invested into: i) Moove, the global specialty lubricants distribution platform; ii) Delly’s, the leading foodservice player in Brazil; and iii) Grupo GSH, a pioneer in Brazil’s hemotherapy and nuclear medicine space.