Investcorp has added Gary Appel, a private equity industry veteran with over 28 years experience, as Vice Chairman of Corporate Investment – North America. Mr. Appel will be located in Investcorp’s New York office.
Mr. Appel initially joined Investcorp as an Advisory Director and member of the Investment Committee in April 2013. Mr. Appel had been a Vice Chairman with Castle Harlan and Glencoe Capital; served as a Senior Managing Director with Bear Stearns in the late 1990’s; and also worked as a Managing Director for nearly two decades with Donaldson, Lufkin & Jenrette – where he was also a founding partner of DLJ Merchant Banking. He currently serves on the boards of Fishnet Security and Polyconcept Investments. He also serves as an Executive in Residence of the Columbia University Graduate School of Business and as a member of the Advisory Board of its Private Equity Program.
“For 30 years Investcorp has been a recognized leader in middle market private equity investing. I am excited to join a strong team with a global footprint for investing as we develop the next decade of Investcorp’s leadership,” said Mr. Appel. “In the middle market, it’s rare to have Investcorp’s reach and deep networks in key international markets. In this sense, we are uniquely positioned to harness those transatlantic capabilities.”
Investcorp invests in mid-size companies operating in an array of industry sectors that have total enterprise values of between $200 million and $1 billion and are located in North America or Western Europe. As at June 30, 2013, Investcorp had $10.5 billion in total assets under management. The group has offices in New York, London, Bahrain and Saudi Arabia (www.investcorp.com).
“The caliber of our team has always been a point of market differentiation,” said Jonathan Dracos, Head of CI North America and Real Estate Investment. “Gary’s deep expertise and industry relationships are tremendous resources that will allow us to better source and manage relationships and ultimately create increased value for our investors. I am delighted to welcome him to our New York office.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-11-13