Tuesday, 27 January 2015
Last updated 11 hours ago
Jul 27 2009 | 10:52am ET
Private equity firm Prophet Equity has expanded its team to focus on sourcing, structuring and closing deals in a tough market for buyout shops. In the last six weeks, Prophet has added Charles Collie and Matt McCutchen to its roster for deal support.
As an executive director, Collie brings decades of asset based lending and deal experience with PNC Business Credit, National City and National Bank of Canada. McCutchen, formerly with the ComVest Group and Sun Capital Partners, comes on board as a senior associate.
“Prophet Equity is continuing to see a surge in transaction opportunities that fit our investment sweet spot, namely strategically viable businesses that are in need of capital and operational know-how where partnering to revive cash flow is a priority for both old and new money on the balance sheet,” said CEO Ross Gatlin.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…