Manama: Investcorp, a Bahrain-based alternative investment manager, has announced the appointment of David Tayeh as the head of its corporate investment business in North America.

Mr Tayeh joins from CVC Capital Partners, where he was a partner and led private equity deals that focused on partnering with management to create long-term value.

He will be responsible for the strategy and management of Investcorp’s corporate investment team focused on investment opportunities in North America headquartered companies with leading positions in their industry, strong track records of growth and cash flow, and led by best-in-class management teams.

In the last year, Investcorp has made a number of new investments in North America including the acquisition of Nobel Learning, PRO Unlimited and Totes Isotoner.

During this period, the firm has also concluded several successful exits including Berlin Packaging, FishNet Security and SourceMedia.

“I am pleased to welcome David back to Investcorp as we grow our corporate investment business in North America,” Investcorp co-chief executive Mohammed Al Shroogi said.

“David has extensive experience and will provide real depth in the market.”

Mr Tayeh said he was “excited” to rejoin Investcorp, an established leader with a long track record in the middle market, now “poised for growth”.

He has 20-plus years of industry experience, including 10 plus years with Investcorp’s corporate investment team, and a stint as senior vice-president and chief financial officer of Jostens, a former Investcorp portfolio company.