Managing Director & General Counsel
1460 Main Street, Suite 200
Southlake, TX 76092
As Managing Director and General Counsel, David Rex is responsible for the management of all legal matters for Prophet Equity’s fund operations and investments. Prior to joining Prophet Equity, David was a partner at Jackson Walker where he focused on mergers, acquisitions, divestitures and related financings, including as counsel to private equity and venture capital funds. He also assisted entrepreneurs and emerging growth companies from formation to exit, with an emphasis on venture capital and general corporate finance, strategic alliances and joint ventures. During his career, David has completed over 275 transactions with approximately $6.9 billion in transaction value. He also has a diverse background in domestic and international corporate, securities, finance, banking, and related tax law matters, both as in-house counsel for two merchant banking groups and in private practice.
David is a member of the State Bar of Texas and the Oklahoma Bar Association. He is past Chairman of the Mergers and Acquisitions Committee and the Venture Capital Committee, and past Vice-Chairman of the Securities Committee, of the Business Law Section of the State Bar of Texas, and has also served on the Board of Directors of the Texas Business Law Foundation. David previously served as the Texas liaison to the National Venture Capital Association’s Model Forms Project. He is a member of the Committee on Mergers and Acquisitions of the Business Law Section of the American Bar Association (Private Equity M&A and M&A Market Trends Subcommittees, Judicial Interpretations Working Group, Acquisition of Public Companies, Joint Venture, M&A Dictionary, Model Tender Offer Agreement and International Acquisition Transactions Task Forces). David regularly speaks on legal and business issues related to venture capital, private equity and other alternatives for financing businesses, intellectual property, unfair advantage and ethical issues in venture capital and private equity transactions.
David is rated AV Preeminent (5.0 out of 5.0) by Martindale-Hubbell Peer Review Ratings. David has been named a Texas Super Lawyer by Thomson Reuters in prior years and is the 2015 recipient of The General Counsel Forum’s Magna Stella Award for Solo General Counsel.
David previously served as a member of the Board of Directors of BioDFW (now the Health Industry Council of North Texas), an organization committed to creating an environment of regional collaboration, innovation, excellence and inspiration for the North Texas life sciences community. David also serves on the Community Advisory Board for LaunchAbility, a charitable organization with the mission of helping children and adults with developmental disabilities achieve their maximum potential.
David received his LL.M. in Taxation from the University of Miami School of Law, his J.D. from the University of Oklahoma College of Law and his B.B.A. in Accounting from the University of Oklahoma. David is also a certified public accountant and an Eagle Scout.