3i Hyva talks with Chongqing Machinery confirmed, Unitas probable
Sources close to the process have confirmed to AVCJ that 3i Group is in discussion with PRC strategic player Chongqing Machinery & Electric Company regarding the potential purchase of its portfolio asset Hyva, a Dutch hydraulic cylinder maker, which could fetch as much as $830 million.
Private equity firms including Permira and Hong Kong-headquartered Unitas Capital are also reported to be eyeing the asset, with Unitas CEO Andrew Liu confirming at last week's AVCJ Forum that his firm...
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