Former Bain Execs Form Private Equity Firm

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of