HIG bolsters Bayside team

Just days after launching the European operation of its credit arm, HIG Capital has bolstered the team of its distressed debt and special situations-focused affiliate Bayside Capital in London.

Ahmed Hamdani and Duncan Priston have joined Bayside Capital’s London offices in a further sign that HIG is sold on the opportunity presented by debt investing.

The appointments come in the same week the firm announced the launch of HIG Whitehorse, its dedicated credit arm, in Europe.

Hamdani joins Bayside from London-based credit hedge fund Trafalgar Asset Managers, where he was portfolio manager of a distressed credit fund. Bayside said he will lead the firm’s non-corporate distressed investment team, focusing on number of asset classes including real estate, shipping and aircraft.

Priston joins from distressed debt hedge fund Strategic Value Partners, where was a partner and head of European trading. Prior to SVP, he worked for Houlihan Lokey and Morgan Stanley. Bayside said he will lead the firm’s non-control distressed corporate debt investment team.

Bayside has more than $2 billion available to invest in distressed debt, it said.