COLOGNE — Thomas Middelhoff, the former CEO of Bertelsmann who left the media conglomerate 10 months ago, has re-emerged at private equity company Investcorp in London.
According to press reports, Middelhoff has joined Investcorp as a partner and head of Euro operations. Investcorp, which in the ’90s took over fashion house Gucci, is registered in Bahrain, and is said to invest some $750 million in acquisitions per year.
Middelhoff ankled Bertelsmann last summer as a consequence of frictions with the Mohn family when he tried to push the company’s flotation against the Mohns’ wishes.
Since his exit at Bertelsmann, none of the many rumors about his potential future activities has taken shape. Shortly after the departure, Middelhoff said he was open to taking positions internationally, preferably in the media/technology sector, but also in the private equity business.
His new job at an investment firm seems fit for a manager who finalized more than 80 acquisitions and divestments at Bertelsmann. Middelhoff was with the company for 16 years, acting as CEO 1998 to 2002.