M&A Deal Summary

Unitas Capital Acquires Hyva

On April 13, 2011, private equity firm Unitas Capital acquired machinery company Hyva from Alpha Group and 3i Private Equity for 525M EUR

Acquisition Highlights
  • This is Unitas Capital’s 2nd transaction in the Machinery sector.
  • This is Unitas Capital’s 3rd largest (disclosed) transaction.
  • This is Unitas Capital’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2011-04-13
Target Hyva
Sector Machinery
Buyer(s) Unitas Capital
Sellers(s) Alpha Group
3i Private Equity
Deal Type Secondary Buyout
Deal Value 525M EUR

Target

Hyva

Alphen aan den Rijn, Netherlands
Hyva is a provider of hydraulic cylinders and hydraulic tipping solutions for application in heavy-duty transportation equipment used in industries such as infrastructure, mining and environmental services. Hyva was founded in 1979 and is based in Alphen aan den Rijn, Netherlands.

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Buyer(S) 1

Buyer

Unitas Capital

Hong Kong, China

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unitas Capital is a private equity firm focused on buyouts and growth capital investments in medium-to-large sized businesses across Asia. Unitas targets opportunities throughout Australia & New Zealand, Greater China, Korea, Japan and Singapore. Areas of interest include branded consumer, retail and industrial manufacturing/services. Unitas dates back to 1999 (when it was part of and known as J.P. Morgan Partners Asia) and has offices in Hong Kong and Shanghai.


DEAL STATS #
Overall 12 of 17
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 2 of 3
Country (Netherlands) 1 of 1
Year (2011) 1 of 2
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-31 Air International Thermal Systems

Port Melbourne, Australia

Air International Thermal Systems is a provider of Tier One supplier of heating, ventilation, and air conditioning ("HVAC"), power train cooling(PTC) systems and battery thermal management systems to the automotive industry. Air's proven value proposition of cost, quality and flexibility conferred by its unique manufacturing model, together with a track record of flawless program execution, serve to differentiate Air from its larger global competitors. Headquartered in Australia, Air operates across China, Asia and North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-18 Independent Liquor

Papakura, New Zealand

Independent Liquor is the market leader in the Australasian ready-to-drink alcoholic beverages category, the fastest growing component of the Australasian industry. Independent Liquor also manufactures and distributes beer, wine and spirits.

Sell NZ$1.5B

Seller(S) 2

SELLER

Alpha Group

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Alpha Group is a European private equity firm specializing in LBOs and development capital investments. The Firm seeks to invest in companies throughout Europe, including Germany, Switzerland, Italy, France, and Benelux as well as some eastern European countries. The Firm seeks to commit €50 to €125 million in companies valued between €100 and €500 million. Alpha typically takes majority control and arranges for founders or key managers to co-invest. Sectors of interest include Consumer & Leisure, Fashion & Design, Industrial Manufacturing and Service & Distibution. Alpha Group was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 24 of 41
Sector (Machinery) 2 of 5
Type (Secondary Buyout) 17 of 28
Country (Netherlands) 1 of 2
Year (2011) 1 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 Nexeye

Gorinchem, Netherlands

Nexeye is an optical retail chain. The company offers a range of private label and branded spectacles, as well as hearing aids, contact lenses and sunglasses, at average price points significantly below its major competitors. Nexeye was established in 1982 and is based in Gorinchem, Netherlands.

Buy €160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-21 Savio

Pordenone, Italy

Savio is a designer and manufacturer of winding machines and quality control devices for the textile industry, with operations in Italy, China, India, Belgium, Germany, Switzerland, and the Czech Republic. Savio was established in 1911 and is based in Pordenone, Italy.

Buy $429M
SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 120 of 194
Sector (Machinery) 4 of 7
Type (Secondary Buyout) 49 of 83
Country (Netherlands) 7 of 13
Year (2011) 6 of 14
Size (of disclosed) 19 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-13 GO Outdoors

Sheffield, United Kingdom

GO Outdoors Ltd. is a specialist retailer of camping equipment, tents, outdoor clothing and footwear. GO Outdoors was establishment in 1998 and is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-18 UFO Moviez India

Mumbai, India

UFO Moviez India is a digital cinema chain, currently pioneering the use of MPEG-4 technology based Digital Cinema System. This enables the delivery and projection of motion pictures through electronic transmission method, via a satellite. UFO Moviez India was founded in 2004 and is based in Mumbai, India.

Sell Rs260M