HIG Capital has promoted Andrew Scotland to managing director of its distressed debt and special situations arm, Bayside Capital.
Deal is Nylacast's second add-on transaction since the GP acquired it in 2018
New vehicle's target is almost double the €153m that Jet raised for its second fund
Buyout market is picking up again following one of the worst slumps on record, with some of the regions originally hardest hit becoming busier
Second vehicle will be larger than its predecessor, which closed on €843m in March 2010