H.I.G. Bayside promotes co-head of special situations debt in Europe

Andrew Scotland will now co-head H.I.G. Bayside Capital alongside Bayside Managing Director Duncan Priston, who has headed up the business segment at Bayside since 2012. According to H.I.G. Bayside, Scotland has been instrumental in helping the firm grow its distressed debt portfolio since 2013. He is based in London and has been focused specifically on European non-control distressed corporate debt situations and is involved in all aspects of the investment process from origination and research to structuring and execution. “I congratulate Andrew on his well-deserved promotion and am excited about the opportunities his promotion can generate as we continue to execute H.I.G’s successful Bayside European strategy,” said Duncan Priston. “I look forward to collaborating more closely with Andrew as Bayside continues playing an important role in the European credit markets.” Scotland’s experience spans more than 20 years from investment banking work to distressed investment experience. He previously worked as a managing director in RBS’s special situations group for more than six months and was the senior analyst focused on European distressed investments. Before RBS, he was a director in the equity research department at ABN AMRO. Last month, Florian Kawohl joined H.I.G. Capital’s Bayside Capital as managing director at the distressed debt and special situations affiliate, splitting his time between the firm’s Hamburg and London offices. He was a veteran at Strategic Value Partners, as is Priston. Last summer, the H.I.G. Bayside Loan Opportunity Fund V (Europe) exceeded its fundraising target with capital commitments of $1.5 billion. Nearly 40% of pan-European credit fund was initially committed to European special situation opportunities. Overall, H.I.G. Capital's special situation team, Bayside Capital, has more than $3 billion in committed capital to invest in European special situations.

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