BAYSIDE CAPITAL ACQUIRES THE FIRST LIEN DEBT OF DIAM EUROPE
January 30, 2007 – Bayside Capital ("Bayside") announced today that it has acquired all of the First Lien debt of CSG, Inc. ("CSG"), the parent company of Diam Europe ("Diam" or the "Company"). Over the next several months, Bayside expects to assist Diam in improving its access to capital and executing its growth plan.
Headquartered outside of Paris, France, Diam is the leading European designer and manufacturer of high quality point-of-purchase ("POP") displays for cosmetics. Diam offers its customers a full range of services from design and engineering through manufacturing, installation and repair. The Company’s products are typically complex, value-added POP displays made from high-quality plastic, metal and wood. The Company operates subsidiaries in France, UK, Belgium, Germany and Spain and is expanding its global reach through new subsidiaries in China and the USA.
Anthony DiSimone, Managing Director of Bayside said, "We are excited to support Diam as it moves forward and continues to successfully execute its growth plan. This is a positive step for the Company and its employees, and we are proud to welcome Diam to the Bayside family of companies."
About Bayside Capital
Bayside Capital is a private investment firm which actively 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 invest throughout the capital structure 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. We have available in excess of $3 billion of committed equity capital to support our investment activities. In the last decade, we have invested in over 75 companies with combined revenues of more than $7 billion. |
