Weil is representing NWS Holdings Limited and Unitas Capital Pte. Ltd. in the sale of Hyva to Jost Werke SE (JOST) for $425 million (including debt). The transaction is subject to customary regulatory approvals and is expected to close in early 2025. Weil has had a longstanding relationship with Unitas and NWS, having advised them on their original acquisition of Hyva in 2010.

Headquartered in the Netherlands, Hyva is a leading global supplier of hydraulic solutions for commercial vehicles and the world’s leading producer of front-end tipping cylinders. With more than 3,000 employees around the world, Hyva’s manufacturing footprint encompasses 12 production facilities in China, India, Brazil, Mexico, Germany and Italy, serving customers in more than 110 countries across a range of industries, including transport, agriculture, construction, mining and environmental services.

Listed on the Hong Kong Stock Exchange, NWS Holdings Limited is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and Mainland China, including toll roads, insurance, logistics, construction and facilities management. Unitas Capital is an Asia-based private equity sponsor invested in more than 30 companies in the branded consumer, retail and industrial sectors. JOST is listed on the Frankfurt Stock Exchange and is a leading global producer and supplier of safety-critical systems for commercial vehicles.

Weil fielded a cross-border team, across its Hong Kong, London and German offices, co-led by Hong Kong-based Corporate partner Henry Ong and London-based Corporate partner James Harvey and included counsel Jie Yuan and associates Jacky Sin, Max Chu, Connie Ng and Sam Flood in Hong Kong, supported by Neil Rigby, Annagiulia Zanazzo and Lucy Peckham (Antitrust and Regulatory, London), Florian Wessel (Regulatory, Munich), Shawn Cooley (Regulatory, Washington, D.C.), Oliver Walker and Sean Wright (Tax, London), Barbara Jagersberger (Corporate, Munich), Graham Price and Isolde Tsukabayashi (Debt Finance, Hong Kong), Thomas Zimmermann (Debt Finance, Munich), Barry Fishley and Chloe Kite (IP, London).