Investcorp appoints new North American origination head

Former Investcorp executive rejoins firm following a stint at CVC.

Bahrain-listed alternative investment firm Investcorp has appointed David Tayeh to head its North American corporate investment business based in its New York office, according to a statement.

Tayeh, a former partner at CVC Capital Partners, will lead the firm’s origination activities in North America, where Investcorp seeks to invest up to $200 million in deals valued up to $500 million.

He will oversee the strategy and management of 20-strong corporate investment team.

Savio Tung, chief investment officer at Investcorp, said Tayeh’s appointment comes at a time when the firm is looking to grow its corporate investment business in North America. “Dave has overseen a series of major transactions and will provide real depth in the market.”

Tayeh was previously managing director at Investcorp from 1999 to 2011, according to his Linkedin profile. From 2003 to 2005 he served as chief financial officer and senior vice president for former Investcorp portfolio company Jostens. In January 2011 he left the firm to join CVC where he was a managing director in New York.

Investcorp has $11 billion of assets under management and invests in private equity, real estate and hedge funds. Its North American investments over the last year include the acquisition of Nobel Learning, PRO Unlimited and Totes Isotoner, the statement said.