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December 19, 2007

Former Bain & Company Employee launches mid-market firm Prophet Equity

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 investments in companies with revenues under $500m. It will focus on special situations, turnarounds, acquisitions, bankruptcies and reorganizations.

Gatlin, CEO and managing partner, said, '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. 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.'

Prior to Bain, Gatlin worked at Houlihan Lokey Howard & Zukin. Gatlin was also a founding principal at The Carlyle Management Group and a founding partner at Insight Equity.

Featured in December 19, 2007.

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