H.I.G. Capital announced Wednesday the final close of H.I.G. Bayside Loan Opportunity Fund III (Europe). The pool, which will invest primarily in debt obligations of small and medium-sized European companies, exceeded its $1 billion target.
MIAMI–(BUSINESS WIRE)–H.I.G. Capital announced today that it has held its final closing of H.I.G. Bayside Loan Opportunity Fund III (Europe). Total capital commitments to the fund exceeded its $1 billion target. The fund will invest primarily in debt obligations of small and medium-sized European companies, both existing loans acquired on the secondary markets as well as newly originated primary loans. With offices in London, Paris, Hamburg and Madrid, H.I.G. Capital has a team of 70 investment professionals in Europe.
Sami Mnaymneh and Tony Tamer, co-founders and Managing Partners of H.I.G. Capital, commented: “We are gratified by the continued support of our investors, which will allow us to continue to pursue this attractive credit strategy.” John Bolduc, Executive Managing Director of H.I.G. Bayside, added: “The bank deleveraging process in Europe has resulted in tight credit conditions, especially for smaller businesses. Our strong credit team in Europe is very well situated to address this need and to capitalize on the compelling investment opportunities available in the European loan markets today.”
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 twelve 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 $12 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.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $12 billion of equity capital under management. 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. specializes 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 sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.