Loomis Buys Hermes for $433M, CVC Exits Peru Logistics

Swedish security logistics giant Loomis has agreed to acquire Hermes Transportes Blindados, a prominent Peruvian cash management and secure logistics firm, for an enterprise value of approximately $433 million. This strategic acquisition marks a significant exit for private equity firm CVC Funds, which has held a full stake in the Lima-based company. The transaction is anticipated to finalize in the third quarter of 2026, pending regulatory approvals.

Hermes, established in 1985 and publicly traded on the Lima stock exchange, stands as a leading operator in Peru's secure logistics sector. Its comprehensive service portfolio encompasses the transport, processing, storage, and custody of cash, precious metals, and high-value minerals. The company also manages ATM networks and provides collection services, catering to a diverse clientele across financial, retail, governmental, industrial, and mining industries. With its headquarters in Lima and 19 national branches, Hermes employs around 3,200 individuals and serves approximately 1,000 clients.

During CVC Funds' ownership period, Hermes underwent a strategic transformation. The firm successfully diversified its revenue streams, launched new business verticals, and enhanced its proprietary data capabilities to foster adjacent service development. Significant investments were also made in bolstering its risk management framework and deepening relationships with its key clientele. This period of growth and operational enhancement has positioned Hermes as an attractive asset for a strategic buyer like Loomis.

The acquisition by Loomis is expected to provide the Swedish firm with a substantial foothold in one of Latin America's most dynamic secure logistics markets. This move aligns with Loomis's broader strategy to expand its international presence and service offerings in the cash-in-transit and cash management sectors. The global cash logistics market, while facing digital payment trends, remains robust, particularly in emerging economies where cash usage is still prevalent and secure handling is paramount. Industry analysts note that consolidation in this sector is driven by the need for scale, technological investment, and enhanced security protocols.

CVC Funds, through its Partner and Head of Latin America, Fernando Pinto, expressed confidence in the future of Hermes under new ownership. Pinto highlighted the company's resilience and adaptability in a demanding operational environment, emphasizing its consistent delivery of high-quality services. He stated that Hermes is well-positioned for continued expansion with Loomis. This exit is a key component of CVC's decade-long strategy focused on building a robust portfolio across Latin America, which includes investments in companies such as specialty lubricants distributor Moove, Brazilian foodservice operator Delly’s, and hemotherapy specialist Grupo GSH.

This transaction underscores the ongoing appetite for well-established logistics and business services companies in Latin America, a region attracting significant private equity interest due to its growth potential and evolving market dynamics. The deal's valuation reflects the strategic importance and operational strength of Hermes within the Peruvian market and the broader Andean region.