Prophet Equity announced that David Rex has joined the team as General Counsel managing all legal matters for Prophet Equity’s fund operations and investments.
“From the inception of the vision of Prophet Equity to today, David has been a critical part of making our fund, team and burgeoning investment portfolio a reality. Not only has he provided us with critical legal guidance and advice, but more importantly, all of this advice is measured and balanced around, first and foremost, the business priorities of the fund and creating outstanding investment results. It is with great pleasure that our entire team welcomes him formally into the Prophet Equity fold,” said Ross Gatlin, CEO and managing partner.
“It has been an honor to have been associated with Prophet Equity in its initial formation and subsequent investment activities. Prophet Equity has built a high-quality, results-oriented organization over the last several years that is focused on maximizing returns to investors while maintaining the highest ethical standards. It is a privilege to now be joining such an outstanding investment team. I look forward to being part of Prophet Equity’s very bright future,” Rex said.
Prior to joining Prophet Equity, Rex was a partner at Jackson Walker L.L.P. 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. While at Jackson Walker, Rex completed over 185 transactions with approximately $3.3 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.
Rex 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. Rex 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).
Rex 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. Rex 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. He is also a certified public accountant and an Eagle Scout.