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BAYSIDE, HIG CAPITAL SUBSIDIARY, COMMITED WITH SPANISH SMES.
Bayside, the U.S. society subsidiary of the private equity firm Harvard Investment Group Capital (HIG), is looking for small and medium-sized Spanish companies which need financing to expand its business, acquiring companies or refinance debt. Bayside Capital has funds raised in 2008 and 2010 to invest in Europe, totaling around €3,500 million, having invested in 80 European firms.
Bayside, with offices in Miami, Boston, New York, San Francisco, Chicago, London, Rio de Janeiro, Paris and Hamburg, has recently opened an office in Madrid with a team of five professionals led by Jaime Bergel (see news). The company has invested in the animal feed company Saprogal and in the perfumery chain Bodybell, among others. Bayside expects to fill the space not covered today by traditional bank and do not dismiss any business with which to negotiate, although it admits reluctantly with the real estate industry.
The private equity firm HIG Capital, founded in 1993, manages more than €7,500 million and has 225 employees. It has invested in over 200 companies worldwide, and counts among its investors with insurance companies, pension funds and sovereign funds, among others.