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Sun Hydraulics announces acquisition of Faster Group

Sun Hydraulics Corporation, a manufacturer of solutions for the hydraulics and electronics markets, has entered into a definitive agreement to acquire Italy-based Faster Group, a maker of quick-release hydraulic couplings, for €430 million (approximately $531 million) in cash. The seller is Capvis Equity IV LP, a fund advised by the Swiss private equity firm Capvis Equity Partners AG. Sun Hydraulics's financial advisor for the transaction was Baird. Shumaker Loop & Kendrick, LLP acted as legal advisor, assisted by Pavia e Ansaldo as Italian counsel.

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M&A deals,mergers and acquisitions,M&A