Southlake, TX – – March 17, 2009 – Prophet Equity LLC, a private equity firm, and its affiliates, that makes control investments in strategically strong, asset-intensive, underperforming companies in the lower and middle market, formally announced it substantially increased its institutional pool of capital for making control equity investments. Ross Gatlin, CEO and Managing Partner … Read more
Prophet Equity, launched late last year by turnaround specialist Ross Gatlin, has rounded out its investment team and is nearing a first close on its debut fund. Last July, Gatlin left Insight Equity, a Dallas turnaround firm he co-founded in 2002, to start his new operation in Southlake, Texas. Immediately after forming, the group began … Read more
As banks and conventional sources of money get harder to come by for businesses, a new private equity fund is aiming to fill that gap. In Southlake, a former Bain & Co. employee has joined forces with additional team members to raise $250 million for a new firm, Prophet Equity, that will buy underperforming companies … Read more
A former Bain & Company employee has established Prophet Equity, a new firm focused on the mid market, particularly the lower mid market. The Southlake, Texas-based firm’s first fund, Prophet Equity I, will be launched in early 2008. It will have a $250m target and hard cap. Prophet Equity I is expected to make control … Read more
When Ross Gatlin says he and his team are just opening their new private equity firm Prophet Equity, he means that literally. While describing Prophet during a phone conversation, he is interrupted by the landlord of the building in which Prophet is setting up shop to discuss getting him the keys to the front door. … Read more
Newly established private equity firm, Prophet Equity LLC, was officially launched this month by Ross Gatlin and team, the company announced on Dec. 14. Prophet Equity will focus on strategically viable companies, with revenues under $500 million, in special situations, turnarounds, acquisitions, bankruptcies and reorganizations. It will raise its debut fund in early 2008. Gatlin, … Read more
A former Bain & Company executive has launched a private equity firm that will make distressed plays in the lower middle market. The Dallas-based firm, Prophet Equity, will invest in companies with annual revenues of less than $500 million (€347 million), and seeks to generate an internal rate of return on its investments of around … Read more
Ross Gatlin launched Prophet Equity LLC, a Dallas-based turnaround private equity firm that plans to start raising its debut fund in early 2008. The firm will focus on companies in special situations, turnarounds, acquisitions, bankruptcies and reorganizations. www.prophetequity.com Edited by webmaster
A veteran from Bain & Co. has launched his own private equity firm, targeting companies with revenues under $500 million. Southlake, Texas-based Prophet Equity, founded by Ross Gatlin, makes control investments in special situations, turnarounds, acquisitions, bankruptcies and reorganization. The firm opened its doors this month. Gatlin and his team will focus their attention on … Read more