Unitas completes landmark Hyva deal
Asian private equity firm Unitas Capital has completed the acquisition of Hyva Holdings B.V. from Europe’s 3i, for an enterprise value of EUR525 million ($761.5 million). The acquisition was partly financed through a high yield bond, marking the first time such a financial instrument has been used to leverage a private equity deal in Asia.
Based in the Netherlands, Hyva is a global leader in the production of hydraulic cylinders and hydraulic-tipping solutions used for heavy-duty transportation equipment, generally related to infrastructure,...
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