MIAMI–(BUSINESS WIRE)–#DistressedDebt–H.I.G. Bayside Capital, the distressed debt and special situation
affiliate of H.I.G. Capital (“H.I.G.”), a leading global private equity
investment firm with over $31 billion of equity capital under
management**, announced the final closing of H.I.G. Bayside Loan
Opportunity Fund V (Europe) (the “Fund”). The Fund closed with aggregate
capital commitments of $1.5 billion*, exceeding its target. The Fund
will continue H.I.G.’s successful investment strategy of focusing on
investments in small-cap, special situation credit opportunities in
Europe. With offices in London, Hamburg, Madrid, Milan and Paris, H.I.G.
Capital believes it has the largest platform in Europe focusing on
investing in the lower end of the capital markets.
Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., commented: “We are
delighted with the strong response by our limited partners, which
reflects their confidence in the capability of our team and our
differentiated strategy.”
John Bolduc, Executive Managing Director and head of H.I.G. Bayside
Capital, commented: “Economic conditions in Europe remain challenging,
especially for smaller businesses. Our pan-European credit team is well
positioned to address this need and capitalize on the compelling
investment opportunities available in the European credit markets. We
have already committed 38% of the Fund in European special situation
opportunities.”
Added Jordan Peer, Head of H.I.G. Capital Formation, “The Fund received
strong global support in North America, Europe and Asia from
institutional investors including consultants, endowment, foundations,
sovereign wealth funds, financial institutions and public and corporate
pensions. We are grateful for these long-standing partners for their
commitment to multiple H.I.G. Bayside strategies, globally.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets
investment firm with over $31 billion of equity capital under
management.** Based in Miami, and with offices in New York, Boston,
Chicago, Dallas, Los Angeles, San Francisco, Atlanta and Stamford in the
U.S., as well as international affiliate offices in London, Hamburg,
Madrid, Milan, Paris, Rio de Janeiro, Bogota and São Paulo. H.I.G.
specializes in providing both debt and equity capital to small and
mid-sized companies, utilizing a flexible and operationally focused/
value-added approach:
1. H.I.G.’s equity funds invest in growth investments, management
buyouts, recapitalizations and corporate carve-outs of both profitable
as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt
financing to companies across the size spectrum, both on a primary
(direct origination) basis, as well as in the secondary markets. H.I.G.
is also a leading CLO manager, through its WhiteHorse family of
vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real assets funds invest in value-added properties, which
can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than
300 companies worldwide. The firm’s current portfolio includes more than
100 companies with combined sales in excess of $30 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.
* Including commitments from the Fund’s general partner and related
parties, as well as related separately managed accounts.
** Based on total capital commitments managed by H.I.G. Capital and
affiliates.
Contacts
John Bolduc
Executive, Managing Director
[email protected]
Jordan S. Peer
Managing Director, Capital Formation
[email protected]
T
305.379.2322
