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White & Case LLP Advises on Hyva’s Big Move

The Deal That’s Turning Heads

So, here’s the scoop. Global law firm White & Case LLP just played a key role in advising Hyva, that big name in transport solutions, on a major sale. Hyva, together with its parent company JOST Werke SE, decided it’s time to let go of its cranes business. They’re passing it over to none other than private equity heavyweight, Mutares.

What’s on the Table?

Hyva’s cranes division isn’t just about moving heavy stuff. These folks design, manufacture, and service truck-mounted cranes. With production hotspots in Italy, Brazil, and China, and a global sales network, they rake in a cool €100 million annually.

Timing and Strategy

Now, why the big move? Turns out, this sale is all part of JOST’s master plan. After snapping up Hyva earlier, they’re keen to integrate the core offerings, leaving the crane business open for grabs. Expect this deal to wrap up in the last quarter of 2025. However, it’s not immediate. The legal nitty-gritty of carving out the business across different countries is on the menu, alongside the usual closing formalities.

Who’s Who in the Deal?

The brains behind this operation? A stellar team from White & Case led by partners Stefan Bressler and Thilo Diehl, straddling the hubs of Frankfurt and Hamburg. They had heavyweights like Thilo Wienke from Düsseldorf and Sebastian Stütze pitching in too. Paris, Beijing, and other key locations also had their top minds onboard. It’s like a world tour of legal expertise!

The Bigger Picture

For those who munch on numbers and strategy, this move is more than just a sell-off. It’s a focused shift, cementing JOST’s position in integrating Hyva’s core portfolio. While Hyva hands over the cranes, they’re sharpening their pencils for other ventures in the transport realm.

Need More Info?

If you’re still curious or just want the official word, reach out to your local media contact at White & Case. They’ll have all the details you need to stay in the loop.

And there you have it. A classic New Yorker take on what’s buzzing in the transport solutions sphere. Keep an eye on this space!

• Key Details: Partners from multiple countries led the transaction.
• Strategic Move: JOST aims to focus and integrate Hyva’s core offerings.