HIG Capital strengthens distressed team

Bayside Capital, the special situations arm of HIG Capital, has promoted a member of its distressed corporate debt team in London.

HIG Capital has promoted Andrew Scotland to managing director at Bayside Capital, the distressed debt and special situations affiliate of the investment manager.

Scotland joined HIG Capital in 2013 as a principal. Based in the London office, he has 17 years of experience working in investment banking and distressed investment across a variety of industries.

At HIG, Scotland focuses 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.

“Andrew has led a number of successful investments at HIG and we look forward to his continued success as a member of our senior leadership team.” John Bolduc, executive managing director of HIG, commented.

Prior to joining HIG, Scotland was a managing director in Royal Bank of Scotland’s special situations group for more than six years, where he was the senior analyst focused on European distressed investments.

Prior to RBS, he was a director in the equity research department of ABN AMRO. He also worked in the investor research teams at Citigroup and Credit Suisse.

HIG is a private equity and alternative assets investment firm with €17 billion of equity capital under management.