Daily News: September 20, 2012

Bayside Capital Adds Two Managing Directors in London


H.I.G. Capital, a global investment firm, announced 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.

Hamdani 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.

Priston 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 a credit-oriented investment firm with more than $4.5 billion under management. Focused on middle-market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long-term returns.