BAYSIDE CAPITAL ACQUIRES DIAM EUROPE
MIAMI - April 15, 2007 - Bayside Capital, ("Bayside") an affiliate of H.I.G. Capital ("H.I.G."), announced today that it has completed the acquisition of Diam Europe ("Diam" or the "Company"), headquartered outside of Paris, France, the leading European designer and manufacturer of high quality point-of-purchase ("POP") displays for cosmetics with revenues in excess of €100 million.
Diam offers its customers a full range of services from design and engineering through manufacturing, installation and repair. The Company's products are typically custom, high 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 commented, "We are excited to work with Diam as it moves forward and continues to successfully execute its growth plan. Diam has a strong track record of serving its customers and we look forward to working with the management team to continue to expand the business around the world."
John Caple, Principal of Bayside commented, "H.I.G. has a strong track record as one of the most active and successful middle market investors in North America with a particular focus on financially or operationally complex transactions. With recently established European offices in London, Paris and Hamburg, we look forward to bringing that same leadership to Europe.
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 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 in the United States, as well as London and Paris and Hamburg in Europe, H.I.G. is one of the most active private equity investors in small and medium-sized companies. We have available in excess of $3.5 billion of committed equity capital under management. The firm currently manages a portfolio of more than 50 companies with combined revenues of more than $7 billion. For more information, please visit the Bayside website at www.bayside.com. |
