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HIG’s Bayside Capital buys Hilton Hotel in London Docklands

26 Feb 2014

Bayside Capital, the mid-market credit arm of HIG Capital, has acquired the 378-room Hilton Hotel in London’s Docklands.

Ahmed Hamdani, managing director at Bayside Capital said, “We are thrilled with this acquisition and see significant potential to improve this asset through additional investment. We are very excited about the opportunities in the European hotel market in general and this transaction demonstrates H.I.G.’s ability to execute on complex operational assets. We are committed to growing our European Real Estate business further”.

Over the past twelve months, H.I.G. has been very actively investing in European real estate, having acquired a number of assets in the UK, the Netherlands and Spain.

Bayside Capital invests across several segments of the primary and secondary debt capital markets. The firm is active across industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. The firm invests in all parts of the capital structure, targeting “creative financing solutions and consummate transactions”.

Bayside is a credit affiliate of global private equity investment firm HIG. Capital. Earlier this month HIG closed its Middle Market LBO Fund II on its $1.75bn hard cap after a speedy fundraise that lasted only two months.

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