Gresham partner joins HIG

Alistair Mills' appointment as a director in HIG Europe's London office brings to 25 the firm's investment team headcount.

Alastair Mills, formerly a partner at UK mid-market firm Gresham Private Equity, has joined HIG Europe, the European affiliate of HIG Capital. He will be a director in its London office.

Prior to Gresham, Mills held positions at European mid-market firm Bridgepoint and RBS.  

Mills' departure from Gresham follows that of partner Mike Henebery in February. Henebery, who was responsible for running the firm's London investment team, had been a key player in Gresham's 2002 management buyout from parent company Zurich Financial Services. He remains as a consultant to Gresham for an unspecified period.

Mills' appointment, HIG's third so far in 2009, brings to 25 the firm's investment team, which has doubled in size over the last 12 months. Since the start of 2009, HIG has also recruited Alex Bayliss from investment bank Greenhill & Co and Claudia Rumeu from investment firm Novator Partners.

HIG Europe, which focuses on small- and medium-sized businesses, is investing a £500 million (€538 million; $686 million) European fund that closed in 2007. In June last year, HIG Capital's debt affiliate, Bayside Capital, closed a £2 billion global distressed debt fund.