H.I.G. Capital purchaes 15 UK commercial real estate assets

Bayside Capital, a credit affiliate of H.I.G. Capital, has acquired a portfolio of 15 commercial assets, including nine office buildings and six light industrial properties. The properties were purchased by H.I.G. Bauer Property, as the initial acquisition for a joint venture established by Bayside Capital in partnership with specialist asset manager Bauer Group, targeting high yielding commercial multi-let assets in the UK.

PRESS RELEASE

Bayside Capital, a credit affiliate of H.I.G. Capital, today announced the purchase of a portfolio of 15 commercial assets, including nine office buildings and six light industrial properties.

The properties were purchased by H.I.G. Bauer Property Ltd, as the initial acquisition for a joint venture established by Bayside Capital in partnership with specialist asset manager Bauer Group, targeting high yielding commercial multi-let assets in the UK.

Ahmed Hamdani, Managing Director at Bayside Capital said: “We are excited about the opportunities available in the UK market and pleased to be partnering with Bauer Group on this strategy. The purchase underlines Bayside Capital’s capability to quickly execute transactions in a complex asset class. This transaction demonstrates H.I.G.’s commitment to the UK market and to growing its European real estate and NPL business further”.

David Reed and Jeremy Oldroyd, Bauer Group’s Joint Chief Executives, added: “This is a hugely important transaction for Bauer Group. We see substantial opportunities in the UK regional commercial property markets and to create a joint venture with an organisation such as H.I.G. is very exciting for us”.

About Bauer Group
Bauer Group is a leading UK Based private asset management company specialising in Commercial Property Assets, with operations currently in the UK and Switzerland. Bauer Group was set up in 1996 and manages a substantial portfolio of commercial assets in the UK with its in-house management team.
About Bayside Capital

Bayside Capital, an affiliate of H.I.G. Capital, is an investment firm with approximately $4.5 billion under management. Focused on middle-market companies, Bayside Capital invests across several segments of the primary and secondary debt capital markets with an emphasis on long-term returns. With thirteen offices throughout the U.S. and Europe and over 250 investment professionals to draw upon, Bayside has the experience, resources, and flexibility to provide capital solutions quickly, and the strategic and operational expertise to help support its investments.

Bayside Capital is active across a wide spectrum of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. With the ability to invest in all parts of the capital structure, Bayside is able to develop creative financing solutions and consummate transactions on an expedited basis.

Bayside Capital is a credit affiliate of H.I.G. Capital, a leading global private investment firm with more than $15 billion of equity capital under management. Since its founding in 1993, H.I.G. Capital has invested in more than 200 companies worldwide and has developed an impressive track record for creating value for its partners and investors. For more information, please refer to the Bayside Capital website at www.bayside.com.

Media contacts

To speak to Ahmed Hamdani, Managing Director, H.I.G. Bayside Capital please contact:

MHP Communications

Andrew Leach / Rory King / Fern Hammond
Direct Dial: +44 (0)20 3128 6334 / 8564 / 8092
Email: higeurope@mhpc.com

MHP is a trading division of Engine Partners UK LLP, a limited liability partnership registered in England & Wales with registered number OC365812. Our registered office is at 60 Great Portland Street, London W1W 7RT, United Kingdom. A list of our members is open for inspection at our registered office.

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