Hyva exit for Alpha B

Alpha Beteiligungsberatung, which acquired Dutch Hyva Beheer, the manufacturer of hydraulic lifting cylinders and cranes for trucks, in November 1999 for $57m has sold it in a secondary buyout to 3i.

3i has reputedly paid €125m for the business and is seeking a syndicated loan of €82.5m to support its purchase. ABN AMRO and Bank of Scotland are arranging the finance to back 3i’s purchase – see leveraged loans table this issue.