London-based H.I.G. Capital, has hired Ahmed Hamdani and Duncan Priston as managing directors at Bayside Capital, H.I.G.’s distressed debt and special situations affiliate. Hamdani was previously a portfolio manager at Trafalgar Asset Managers; Prison was previously a partner and head of European trading at Strategic Value Partners.
H.I.G. Capital, a leading global investment firm, announced today that Ahmed Hamdani and Duncan Priston have joined the London team of Bayside Capital, the distressed debt and special situations affiliate of H.I.G.
Ahmed has more than ten years of experience in the European distressed market. He was previously a Portfolio Manager at Trafalgar Asset Managers, a London based credit hedge fund where he managed its distressed credit fund. At Bayside, he will lead the firm’s non-corporate distressed investment team focusing on a number of asset classes including real estate, shipping and aircraft.
Duncan has over ten years experience in the European distressed market. He was previously a Partner and Head of European Trading at Strategic Value Partners, a special situations and distressed debt hedge fund. Before that, he held various senior positions at Houlihan Lokey and Morgan Stanley. At Bayside, he will lead the firm’s non-control distressed corporate debt investment team.
In commenting on the two appointments, Sami Mnaymneh, co-Founder and Managing Partner of H.I.G., noted, “I am delighted to welcome Ahmed and Duncan to the firm. They are both very experienced and successful investors who significantly add to the expertise and capabilities of our Bayside team. I am confident they will play an instrumental role in Bayside’s continued development and growth.”
Bayside Capital is currently investing out of a pool of available capital in excess of $2 Billion.
About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with more than $10 Billion of equity capital under management and a team of more than 225 investment professionals. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris and Rio de Janeiro, H.I.G. specialises in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 80 companies with combined revenues in excess of $12 Billion.
About Bayside Capital
Bayside Capital is a credit oriented investment firm with more than $4.5 Billion under management. Focused on middle market companies, we invest across several segments of the primary and secondary debt capital markets with an emphasis on long term returns. With eight offices throughout the U.S. and Europe and over 225 investment professionals to draw upon, Bayside Capital has the experience, resources, and flexibility required to provide capital solutions quickly, and the strategic and operational expertise to help support its investments.
For more information, please refer to the H.I.G. website at www.higcapital.com .