H.I.G. Capital News
Bayside Capital Names Adam Schimel as Managing Director
MIAMI – January 15, 2013 – Bayside Capital, a global investment firm affiliated with H.I.G. Capital, announced today the promotion of Adam Schimel to Managing Director. Mr. Schimel joined Bayside in 2006 and has been responsible for investments in special situations across a wide range of industries including business services and manufacturing. As a Managing Director at Bayside, Mr. Schimel will continue to focus on investing in middle market companies facing operational or financial challenges.
Prior to joining Bayside, Mr. Schimel was an Associate at Lindsay Goldberg, a leading private equity firm, and an analyst in the leveraged finance group at Goldman Sachs. Mr. Schimel received his undergraduate degree from Duke University and his M.B.A. from Northwestern University’s Kellogg School of Management.
Commenting on Mr. Schimel's promotion, John Bolduc, Executive Managing Director at Bayside, noted: “Adam has been a valuable contributor to the firm and responsible for a number of successful investments. We are excited to have him join the partnership and know that he will continue to be an invaluable member of Bayside.”
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $10 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 70 companies. For more information, please refer to the H.I.G. website at www.higcapital.com.
About Bayside Capital
Bayside Capital is an affiliate of H.I.G. Capital, a leading global private investment firm with more than $10 billion of equity capital under management. With over $4.5 billion of committed capital, Bayside is focused on providing capital solutions to address complex situations within short timeframes. Through improved access to capital or facilitating balance sheet realignments, Bayside can help support future strategies and expansion plans. Bayside has the ability to provide capital through a broad range of securities including asset-based and cash flow senior and subordinated debt, equity, debtor-in-possession facilities, and special situation loans. Bayside has the experience and resources to help companies quickly resume growth initiatives and improve their strategic position. For more information, please refer to the Bayside Capital website at www.bayside.com.