H.I.G. Capital related stories
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Bayside acquires air cargo companyJust months after portfolio company Gemini Air Cargo went out of business, the distressed specialist has purchased air courier Flight Express.
- Alchemy to raise second distressed investment fund
The UK-based mid-market firm has been investing from its debut £300m distressed debt fund that closed in March 2007, but will raise a successor in spring with an estimated $1bn target.
- Bayside Capital acquires Akrion
The latest middle market turnaround acquisition for the fund comes shortly after it closed its second fund on $3bn.
- Praesidian invests in lighting systems acquisition
New York-based Praesidian’s investment in Epic Production Technologies is the firm's second recent deal this month as demand for mezzanine capital rises.
- Bayside-backed Gemini Air files bankruptcy
The air freight service company has shut down after filing for bankruptcy twice in two and a half years. As aviation companies grapple with sky high oil prices, Gemini will follow in the ill-fated footsteps of The Yucaipa Companies-owned Aloha Airgroup and MatlinPatterson-controlled ATA Airlines.
- HIG completes $200m exit to Ares-backed SPAC
Blank cheque company Global BPO Services has acquired tech support firm Stream Holdings, which HIG built from a $75m platform investment in 2003.
- HIG affiliate closes $3bn distressed debt fund
Bayside Capital will provide refinancing and equity infusions to companies with total enterprise values of less than $400m.
- Pennsylvania pension commits $150m
The $34bn Pennsylvania State Employees’ Retirement System commits to six private equity debt and technology funds, as it reveals investments are down 4 percent in the first quarter of 2008.
- HIG Europe backs UK facilities management company
The US-based firm has made its first UK investment in a deal it hopes will show case its buy and build strategy.
- HIG Europe hires CDC’s Boyadjian
Olivier Boyadjian, former head of investments for French buyout firm CDC Capital, will now lead HIG Europe’s Paris office.