BAYSIDE CAPITAL PROMOTES LEWIS SCHOENWETTER TO MANAGING DIRECTOR
January 3, 2007 – Bayside Capital Inc., the distressed debt affiliate of H.I.G. Capital, LLC, today announced the promotion of Lewis Schoenwetter to Managing Director. Lewis Schoenwetter joined H.I.G. Capital in 2003, and has been responsible for numerous investments in a wide range of industries including business services, healthcare, and manufacturing. Prior to joining H.I.G., Mr. Schoenwetter spent over 15 years investing in growth equity, and buyout transactions, including a number of turnaround situations. Mr. Schoenwetter received his undergraduate degree from Marquette University and earned his M.B.A. from the University of Chicago.
Commenting on Mr. Schoenwetter’s promotion, Sami Mnaymneh and Anthony Tamer, co-founders and Managing Partners of H.I.G., noted "Lewis has been an important part of H.I.G.’s growth since joining the firm. We are excited to have him join the partnership and expand his role in the firm’s activities."
About Bayside Capital
Bayside Capital, which manages a $500 million special situations fund, invests in the debt and equity of middle market companies that can benefit from operational enhancements, improved access to capital, or balance sheet realignments. With the ability to provide capital through a broad array of securities including senior and subordinated debt, equity, Debtor-In-Possession facilities, and special situation loans, Bayside has the experience and resources to help companies quickly resume growth initiatives and improve their strategic position. Bayside Capital is an affiliate of H.I.G. Capital, a leading private equity investment firm specializing in acquisitions and recapitalizations of middle market businesses. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco, the firm is one of the most active private equity investors in small and medium-sized companies. H.I.G. manages in excess of $3 billion of committed equity capital to support its investment activities. In the last decade, H.I.G. has invested in over 75 companies with combined revenues of over $5 billion. |
