Bayside Capital Promotes Lewis Schoenwetter to Managing Director.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Bayside Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the distressed debt distressed debt Debt with low junk status and a market price substantially below par value, often pennies on the dollar. Investors sometimes buy distressed debt on the possibility that management can renegotiate loan agreements and keep the issuer out of affiliate of H.I.G. Capital, LLC, today announced the promotion of Lewis Schoenwetter to Managing Director. Lewis Schoenwetter joined H.I.G. Capital in 2003, and has been responsible for numerous investments in a wide range of industries including business services, healthcare, and manufacturing. Prior to joining H.I.G., Mr. Schoenwetter spent over 15 years investing throughout the capital structure in growth equity, acquisition financings and turnaround situations. Mr. Schoenwetter received his undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree. An undergraduate degree (sometimes called a first degree or simply a degree from Marquette University Marquette University at Milwaukee, Wis.; Jesuit; coeducational; chartered 1864, opened 1881. The school achieved university status in 1907. Among its graduate programs are those in business, engineering, and law. and earned his M.B.A. from the University of Chicago. Commenting on Mr. Schoenwetter's promotion, Sami Mnaymneh and Anthony Tamer, co-founders and Managing Partners of H.I.G., noted, "Lewis has been an important part of H.I.G.'s growth since joining the firm. We are excited to have him join the partnership and expand his role in the firm's activities." Bayside Capital, which currently manages a $500 million special situations fund, 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 Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". , equity, Debtor-in Possession (DIP) facilities, and special situation loans, Bayside has the experience and resources to help companies quickly resume growth initiatives and improve their strategic position. Bayside is an affiliate of H.I.G. Capital, a leading private equity firm with more than $3 billion of equity capital under management across leverage buyout, venture capital, special situations, and hedge funds. Based in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , and with offices in Atlanta, Boston, and San Francisco, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. Since its founding in 1993, H.I.G. has completed more than 75 transactions, acquiring companies with combined revenues in excess of $5 billion. |
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