Sunday, 21 September 2014
Last updated 1 day ago
Dec 17 2007 | 12:41pm ET
A pair of Bain & Co. veterans have launched their own private equity firm, targeting companies with revenues under $500 million. Southlake, Texas-based Prophet Equity, founded by Ross Gatlin and George Stelling, makes control investments in special situations, turnarounds, acquisitions, bankruptcies and reorganization. The firm opened its doors this month,
Gatlin and Stelling will focus their attention on underserved smaller and mid-sized businesses. Post-Bain, Gatlin was first a founding principal at The Carlyle Management Group, and then a founding partner at Insight Equity.
“Given the credit crunch and the demands placed on small and mid sized business, being a passive financial or strategic buyer with deep pockets is no longer good enough,” said Gatlin. “You have to partner with management and bring tools to the table which are powerful and proven for turbo-charging growth and delivering tangible value at strategically viable companies."
The duo plans to begin raising their debut p.e. fund early next year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.