Finacity Facilitates EUR 5 million of Trade Receivable Funding for HYVA
December 2015 by Finacity
Hong Kong / Amsterdam / New York – 4th December 2015 – Finacity Corporation (“Finacity”) announced today that it has facilitated a EUR 5 million European trade receivable funding program for Hyva Holding B.V. (“Hyva”), a Netherlands based multinational manufacturer of components for the commercial vehicle industry. The receivable funding program provides financing for Hyva’s subsidiaries in the Netherlands and Belgium.
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 skiploaders), Waste Handling (transfer stations, compactors and refuse collection bodies), 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 in The Netherlands, Hyva has significant manufacturing facilities in Brazil, China, Germany, India and Italy. Operating in more than 130 countries the company has more than 2,000 employees around the world, encompassing 39 subsidiaries and 13 production facilities. Hyva has more than 25,000 customers. For further information, visit www.kyva.com.
Finacity specializes in the structuring and provision of efficient working capital funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $100 billion, funded by way of securitization, factoring and other capital markets solutions. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.
For more information on this transaction please contact:
Tel: +44-(0)20-3411 2539
Tel: +1- (203) 428-3584
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