HIG Bayside Capital, the distressed and special situations arm of HIG Capital, has unveiled Andrew Scotland as a new co-head of its European special situations debt activities.
Scotland will work alongside fellow co-head and Bayside managing director Duncan Priston in the role.
Since joining in 2013, Scotland has played a key role in growing the firm’s distressed debt portfolio in Europe. He has over 22 years of experience in investment banking and distressed investment and had spent more than six years as a managing director in RBS’s Special Situations Group.
Last month, Bayside hired Florian Kawohl in Europe as a managing director from Strategic Value Partners, another distressed investor, where he had spent 14 years.
Bayside Capital is the special situations affiliate of HIG Capital and invests in mid-market companies across various segments of the primary and secondary debt capital markets. It has eight offices and 350 investment professionals across the US and Europe.
HIG Capital is a global private equity and alternative assets firm with more than €31 billion of equity capital under management. Based in Miami, it has seven other offices in the US, five in Europe and three in Latin America.
HIG Bayside Capital closed its latest European fund, HIG Bayside Loan Opportunity Fund V (Europe), on $1.5 billion in June last year.