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Hong Kong, 13 April, 2011 – Unitas Capital (“Unitas”) announced today that Hyva Global B.V., an entity controlled by private equity funds advised by Unitas and NWS Holdings Limited (“NWS”), has acquired 100% of Hyva Holding B.V. (“Hyva”), a leading provider of transport solutions for the commercial vehicle and environmental service industries for an enterprise value of EUR 525 million.

The deal, first announced in December 2010, was completed following approval by the relevant competition authorities.

The acquisition was financed partly by a US$375 million high-yield bond issued by Hyva Global B.V., which attracted strong investor demand. This bond replaced a US$350 million five-year term loan acquisition facility that was fully underwritten by Bank of America Merrill Lynch, Goldman Sachs, Nomura Holdings and Standard Chartered Bank. The bond financing is a first of its kind for Asia where buyouts are mainly financed by bank loans.

Headquartered in Alphen aan den Rijn, the Netherlands, Hyva is the global market leader in hydraulic cylinders and hydraulic tipping solutions for application in heavy-duty transportation equipment used in industries such as infrastructure, mining and environmental services. The Company has leading positions in products such as tippers, truck-mounted cranes, compactors and refuse collection bodies in emerging markets.

Hyva generated annual revenues of EUR 486 million in 2010 and employs approximately 1,750 staff in 36 subsidiaries across 32 countries worldwide.

Hyva has developed through international expansion from a Dutch business into a global business that today derives more than 70% of sales from emerging economies such as China, India and Brazil. The company has produced strong growth rates since its foundation.

Louwrens Dijkstra, CEO of Hyva, commented:
“We look forward to continuing our strategy of organic growth together with focused acquisitions under the ownership of Unitas and NWS. This is a powerful new partnership which will enhance the solutions that we offer to our more than 25,000 customers around the globe. In recent years, our successful entrepreneurial and global growth, supported by 3i, has transformed Hyva from a European Dutch based business into a truly global business with manufacturing facilities and market leading positions in many countries around the world. Unitas and NWS will continue to support this global development.”

John Lewis, Partner and CIO at Unitas Capital commented:
“This partnership with Hyva’s management presents an exciting future for the company. Hyva is a great, entrepreneurial business with market leading positions in the emerging economies of China, India and Brazil. We believe there are new opportunities for expansion in the infrastructure, mining and environmental sectors which can be exploited through Hyva’s strong brand, distribution network and dynamic management team. Unitas has a successful track record of helping global industrial businesses grow in emerging markets, and we will be supporting Hyva with its continued expansion.”

Ajeet Singh, Partner at Unitas Capital and Chairman Hyva Group commented:
"Hyva is a very successful company with clear vision and strategy to be an early mover in developing countries utilising the technology and knowledge that it has built up in Europe. This has been done skilfully with an empowered and entrepreneurial culture. As the new chairman, I look forward to working with the management team and other experienced directors in building a stronger portfolio of products for our worldwide markets and continuing to develop Hyva’s high standards of governance, management performance and accountability."

William Junior Guilherme Doo, Executive Director at NWS Holdings Limited commented:
“We share the enthusiasm of Unitas for this new partnership with Hyva’s management. Investor support for the bond issue reinforces our belief that this is an excellent opportunity for all stakeholders. NWS, which operates an extensive portfolio of infrastructure and services businesses in Hong Kong, Mainland China and Macau, is ideally placed to leverage Hyva’s brand, technology, products and services in the Asian market.”


About Unitas Capital

Unitas Capital is one of the most experienced dedicated regional private equity firms in Asia, with US$4 billion in capital commitments under management as of December 31, 2010. Since 1999, Unitas has advised on investments exceeding US$2.3 billion into 28 companies. Unitas targets control investments in market-leading industrial, branded consumer and retail companies with strong cash-generative business models, barriers to entry and differentiated product capabilities. Unitas has a successful track record of investing in growth-oriented global businesses, in particular those with a large market in Asia but headquarters based outside the region. For further information, visit


About NWS Holdings Limited

NWS Holdings Limited (Hong Kong stock code: 659), the infrastructure and service flagship of New World Development Company Limited (Hong Kong stock code: 17), embraces businesses in Hong Kong, Mainland China and Macau. Its Infrastructure portfolio includes Roads, Energy, Water and Ports & Logistics projects. Its Services division comprises Facilities Management (the management of Hong Kong Convention and Exhibition Centre and Free Duty), Construction & Transport (Hip Hing Construction and bus and ferry services) and Strategic Investments (Tricor, Haitong and securities investments). For further information, visit


About Hyva Group

Hyva Group is a leading global provider of innovative and highly efficient transport solutions for the commercial vehicle and environmental service industries. The company is committed to the development, production, marketing and distribution of components used in hydraulic loading and unloading systems on trucks and trailers. Its products are used worldwide across a range of sectors including transport, construction, mining, materials handling and environmental services providers. 

Hyva produces the strongest front end hydraulic telescopic cylinder in the world, double acting cylinders, mobile and static compactors and waste collection units. Hyva’s portfolio comprises: Hydraulics (cylinders and tipping gear), Container Handling Systems (hook and skip loaders), Floors (horizontal unloading/loading floors) and Cranes (fixed and rolling). These products are designed and marketed under several well respected brands: Hyva, Kennis, F.lli Ferrari and AmcoVeba. Hyva is also a distributor of high value components.

Founded in 1979, the company is headquartered in Alphen aan den Rijn in The Netherlands and has significant manufacturing facilities in Brazil, China, Germany, India, Italy and The Netherlands. Operating in more than 130 countries, the company has more than 1,750 employees around the world, encompassing 36 subsidiaries and 11 production facilities. Hyva has more than 25,000 customers. For further information, visit


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