Bayside Capital Acquires Diam Europe



    MIAMI, April 27 /CNW/ - Bayside Capital, ("Bayside") an affiliate of
H.I.G. Capital ("H.I.G."), announced today that it has completed the
acquisition of Diam Europe ("Diam" or the "Company"), headquartered outside of
Paris, France, the leading European designer and manufacturer of high quality
point-of-purchase ("POP") displays for cosmetics with revenues in excess of
EUR 100 million.

    Diam offers its customers a full range of services from design and
engineering through manufacturing, installation and repair. The Company's
products are typically custom, high value-added POP displays made from
high-quality plastic, metal and wood. The Company operates subsidiaries in
France, UK, Belgium, Germany and Spain and is expanding its global reach
through new subsidiaries in China and the USA.

    Anthony DiSimone, Managing Director of Bayside commented, "We are excited
to work with Diam as it moves forward and continues to successfully execute
its growth plan. Diam has a strong track record of serving its customers and
we look forward to working with the management team to continue to expand the
business around the world."

    John Caple, Principal of Bayside commented, "H.I.G. has a strong track
record as one of the most active and successful middle market investors in
North America with a particular focus on financially or operationally complex
transactions. With recently established European offices in London, Paris and
Hamburg, we look forward to bringing that same leadership to Europe."

    About Bayside Capital

    Bayside Capital is a private investment firm which 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. Bayside Capital is an affiliate of H.I.G. Capital, a leading
private equity investment firm specializing in acquisitions and
recapitalizations of middle market businesses. Based in Miami, Florida, and
with offices in Atlanta, Boston, and San Francisco in the United States, as
well as London and Paris and Hamburg in Europe, H.I.G. is one of the most
active private equity investors in small and medium-sized companies. We have
available in excess of $3.5 billion of committed equity capital under
management. The firm currently manages a portfolio of more than 50 companies
with combined revenues of more than $7 billion. For more information, please
visit the Bayside website at www.bayside.com.

    MULTIMEDIA AVAILABLE:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5388182




For further information:

For further information: Bayside Capital Anthony DiSimone, Managing
Director, 305-379-8686 adisimone@bayside.com or John Caple, 305-379-8686
jcaple@bayside.com

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BAYSIDE CAPITAL

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