H.I.G. Bayside Capital Europe has successfully completed the refinancing of Oliver James, a prominent international recruitment and talent solutions company. As an affiliate of H.I.G. Capital, a major player in alternative investments with a substantial $65 billion under management, Bayside specializes in capital solutions and special situations. The refinancing involved a £31 million facility aimed at settling existing debts and propelling Oliver James' growth strategies forward. Founded in 2002 by Oliver Castle and James Rogers in Manchester, Oliver James has evolved into a multi-award-winning enterprise.
It now operates 14 global offices, providing specialized recruitment and talent solutions services worldwide. This expansion and success are rooted in its tech-driven operating model and strategic emphasis on market specialization and employee development and retention. The bespoke financing by Bayside not only addresses immediate financial needs but also provides undrawn facilities to support future growth initiatives. Graeme Edwards, CFO at Oliver James, expressed enthusiasm for the partnership, highlighting Bayside's adaptability and expertise. Florian Kawohl, Managing Director at Bayside, commended Oliver James for its strategic approach and market reputation.
The refinancing aims to foster the company’s next growth phase. Oliver James, with its expansive global presence, reported a turnover of £351 million in 2023. The company focuses on strengthening its market position by leveraging strategic investments and operational excellence. Bayside Capital, known for its middle market focus and investment across various debt markets, collaborates closely with H.I.G. Capital's vast network. H.I.G., based in Miami with numerous offices worldwide, provides both debt and equity solutions to facilitate business growth and restructuring. It has a significant track record, having invested in over 400 companies globally.
H.I.G.'s diverse investment strategies include management buyouts, recapitalizations, and real estate ventures. The firm’s extensive experience positions it uniquely to generate superior returns through strategic investments. For detailed information about Oliver James and Bayside Capital, visit their respective websites. Contacts for further queries include Duncan Priston and Andrew Scotland, Co-Heads of Bayside Europe.
