JOHN W. PRUTCH, Managing Partner
Prior to co-founding Prometheus Capital, Mr. Prutch managed several middle market consumer-related businesses. He has been successful in the turnaround of companies through cost-cutting and aggressive sales and marketing. Mr. Prutch accomplished these turnarounds by selling divisions and subsidiaries, acquiring companies, negotiating licensing agreements, negotiating long term contracts, moving domestic production to overseas, renegotiating new labor agreements and raising fresh capital in the form of both equity and debt.
Prior to Mr. Prutch’s management activities, he was founder and Managing Director for Merchant Capital Group (Mercap), a Chicago based boutique merchant bank providing advisory services, merger and acquisition services and direct investments as principal in a number of consumer-oriented businesses including General American Door, LSJ Sportswear and Rapco International. Mr. Prutch managed Mercap for ten years and was non-executive chairman of the companies that Mercap invested in as a principal.
Prior to founding Mercap, Mr. Prutch was Vice President of Equities Northwest, Inc. (ENI), which was sold to Oppenheimer & Company in 1982. ENI was the premiere source of venture capital and project financing to the energy industry in the 1970’s and early 1980’s. Mr. Prutch progressed to Vice President in charge of their Chicago office. ENI raised over $100,000,000 per year in equity, with Chicago being the largest producing office.
Over the course of his career, Mr. Prutch has served on the Board of Directors of numerous companies, both public and private. Mr. Prutch attended Loras College in Dubuque, Iowa and majored in Political Science. He currently resides in Palatine, Illinois with his wife, Debbie.
JOSHUA J. PRUTCH, Partner
Joshua J. Prutch is a co-founder of Prometheus Capital and leads the distressed practice of Prometheus Capital through identifying opportunities and partners to successfully turn-around troubled companies. Outside the distressed practice, Mr. Prutch assists in managing the due diligence process, identifying capital through financial institutions and strategic alliances, while creating strategic alternatives for the firm’s engaged clients.
Prior to joining Prometheus Capital, Mr. Prutch spent the 7 years in a fortune 500 company in the supply chain management industry. Mr. Prutch held several positions within the company ranging from Analyst to Project Manager to Department Head. Under Mr. Prutch’s lead, the company successfully designed, created, went to market, and supported two Windows based technologies. The first to market grew to controlling $35mm in revenue by year 4 and the second received the “Innovation of the Year - 2006” award presented by the USPS within 2 weeks of its press release.
This opportunity allowed Mr. Prutch to gain insight into the world of entrepreneurs, where he developed an in-depth understanding in their specific business needs and concerns. Both applications, produced revenues while eliminating substantial costs.
Mr. Prutch received his business degree in Supply Chain Management from Eli Broad College of Business at Michigan State University. He currently resides in Holland, Michigan with his wife and three children.
JAMES E. THOMPSON, Partner
Jim Thompson is a co-founder of Prometheus Capital and is responsible for oversight of Prometheus Capital participating ventures, finance and accounting services department, opportunity viability analysis and subsequent turn-around operational activities. Prior to joining Prometheus Capital, Mr. Thompson served as CFO for a regional aviation services provider.
Mr. Thompson’s history includes over 20 years of supporting entrepreneurs in the development, launch and successful operations in multiple businesses spaces including: real estate development, resort / golf development, aviation, hospitality / food & beverage operations, construction and electronics distribution. Mr. Thompson has held positions ranging from Controller to CFO and COO. Under Mr. Thompson’s leadership he built, opened and operated a national award winning golf course and +800 acre residential development. Mr. Thompson has also developed custom ERP solutions for fringe industries, including a full service software solution for the distribution, support, customer service and commission tracking functions of a national subscription media provider.
Mr. Thompson’s approach can best be described as a walk the floor CFO/COO who participates at a hands-on level within the Prometheus Capital family of ventures. Mr. Thompson holds a Bachelor of Arts degree in Business Administration – Accounting from Hillsdale College. He currently resides in Schoolcraft, Michigan with his wife and two children.
BILL LEVITT, The Apparel Collection, LLC
Bill is a hands-on executive with deep experience in the apparel industry; having been instrumental in the growing and turning around of numerous apparel companies. He acts as an Operating Partner for Prometheus Capital and is currently the President of The Apparel Collection, as well as President of Mocean, a company he has run since 1999 where he is responsible for the day to day operations of Prometheus' activities in the apparel space.
Prior to his involvement with Prometheus and Mocean, Bill was instrumental in the turnaround of Big Ball Sports, a Houston based sports apparel company, and Umbro USA, a well known brand in the soccer industry. Prior to that he was Executive Vice President of Ocean Pacific, a lifestyle surf brand. Bill was instrumental in building Ocean Pacific from approximately $20.0 MM to $275.0 MM over a 15 year period. Bill is based in Los Angeles, California.
BOB DEPREZ, Managing Director
Bob Deprez is a Managing Director with Prometheus Capital and brings significant M & A, interim CEO and turnaround and restructuring experience. Bob was the founding partner of Arbor Point Capital Inc, a middle market buyout firm focused on acquiring under performing and distressed businesses. At Arbor Point he led the completion of several transactions including a 363 purchase of a bankrupt distressed manufacturing company through in just 28 days.
Bob has been the CEO or interim CEO of several middle market businesses in transition. He has led companies through out-of court restructurings, turnarounds and ownership transitions. He has unique expertise in leading and building self-directed senior leadership teams to implement transformational improvements to the business to increase enterprise value. His leadership focuses on improving the organizational effectiveness of the company to serve the market and its customers to drive sales.
Bob is a recognized expert in turnaround strategies and techniques and taught courses for the Association of Certified Turnaround Professionals. He has led the turnarounds and financial restructuring of companies owned by private owners, Private Equity Groups and ESOPs.
Bob has been a corporate executive for over 20 years. During his career he has worked in many industries including manufacturing, business services, distribution, environmental, capital equipment, construction and oil & gas. Bob has an engineering degree from Purdue University and an MBA from the University of Chicago. Bob and his wife reside in Chicago.
JOHN NAGLE, Managing Director
John Nagle joined Prometheus Capital in April, 2014. He was Founder and Chief Executive Officer of Strategic Growth Group, where he secured over $7.7 billion in commitments of debt and equity funding for commercial real estate development & acquisitions. He was Co-Founder and Chief Operating Officer at Capital Growth Properties, a private retail real estate development and management company, where he was responsible for rapidly growing the third party management services portfolio from zero to over $1.3 billion in assets in less than 2 years.
He served as Chief Executive Officer and Chief Operating Officer of The Great Lakes Companies (predecessor to Great Wolf Resorts NASDAQ: WOLF) the largest developer and operator of U.S. indoor water parks.
Mr. Nagle served as assistant to the Chairman of the Board, Director of Hotel Operations and Vice President of Leasing for General Growth Properties, the nation's second largest regional enclosed mall shopping center developer, during which time he was involved in the sale of over $850 million of real estate (including the largest single real estate transaction in the history of the United States at that time, with a deal value of $800 million) and financing in excess of $400 million.
BRUCE NEVIASER, Managing Director
Bruce Neviaser has enjoyed a long career in commercial real estate and hospitality management, development, acquisition and funding. He was the co-founder and Chairman of The Great Lakes Companies, the predecessor company to Great Wolf Resorts, Inc., the largest developer and operator of indoor waterpark resorts in the U.S. Over a ten year period beginning in 1994, Great Lakes developed and owned real estate with a total development cost exceeding $800 million and which included 1,100 senior housing units, various retail and land development projects, 14 hotels and the first 7 waterpark resorts that formed the core portfolio for Great Wolf Resorts (NASDAQ:WOLF). WOLF was spun off and became a public company in December, 2004, and was eventually acquired in 2012 by Apollo Global Management. Upon completion of the IPO, Bruce served as Chairman of the Board of WOLF until September, 2005.
While with Great Lakes, one of his areas of responsibility was to oversee the structuring and capital funding of all areas of development and operations. Bruce was directly involved in raising over $160 million of equity for the company’s developments, including about $100 million for the waterpark resort portfolio during the period 1999 thru 2003. All development activities that included funding from investors other than the principals of Great Lakes were funded through Reg D private placements, and the pool of investors affiliated with Great Lakes eventually reached over 2,200 individuals.
In 2005, Bruce founded Continuum Investment L.P., an angel investment firm specializing in early stage investments in biotech, software, and internet related businesses that focus on utilizing proprietary products and services to enhance operating efficiencies for targeted markets. At Continuum, Bruce oversaw private placement funding for various portfolio companies that totaled over $50 million of equity. Continuum’s portfolio eventually included fourteen companies based in the Midwest and Southern California. Bruce and his partner, Patrick Genn, take an active role in management of the portfolio companies.
Bruce also co-founded Iconos, LLC, a management consulting and funding firm focused on a variety of start-up technology and real estate activities in the US, providing services to enhance corporate structure, management and financing for its clients. In 2012, he co-founded World United Vacations, LLC, a company that sells and services vacation club memberships in the Midwest.
In addition to the various corporate Boards that he sits on, Bruce serves on various Boards at the University of Wisconsin-Madison, including the Advisory Board for the Weinert Center for Entrepreneurial Studies, the Advisory Board for the James A. Graaskamp Center for Real Estate Studies, the Advisory Board of the Paul Carbone Comprehensive Cancer Center and is an Emeritus member of the Advisory Board to the Dean of the School of Business.
JON PRITCHETT, Managing Director
Jon Pritchett is the President of Club 9 Sports Inc. and founder of Tobacco Road Capitalists with over 20 years of sports, entertainment and media business success; including management positions in a diverse group of sports and entertainment companies including French West Vaughan and Just Go Products. Jon served as the CEO of General Sports Venue, a sports specialty marketer of brands, including the AstroTurf brand. During his tenure, he led the highly successful re-build of the brand from bankruptcy to industry leadership.
He also spent 10 years as COO of ScheerSports and VP of Host Communications/IMG College where he was involved in a number of projects that included leagues, teams, events, media and venues. Has served on a variety of local and national boards and is a frequent commentator and speaker on the business of sports.
ROB ROSENBERG, Managing Director
Rob Rosenberg brings a wealth of experience and a proven track record in building and growing successful operations. Prior to joining Prometheus, Rob actively pursued residential and commercial real estate development opportunities in both the Near West Side and Wicker Park neighborhoods of Chicago. Rob established LLPs, raised capital, negotiated bank lines, led the real estate sales, managed the architects and oversaw the general contractors.
In 1986 Rob negotiated the purchase of 46% of the outstanding shares of a "close-out merchandise" company in Glenview, Illinois called Park Avenue Distributors. As the largest shareholder he successfully raised $4 million of operating capital to develop and launch one of the first television “Home Shopping” programs, called the “BET Shopping Place.” Within six months, Park Avenue Distributors was producing over 12 hours of programming each day and achieving gross revenues of $45 million on an annual basis.
In May, 1987 Rob, with the key assistance of TCI Cable CEO John Malone, negotiated a merger of Park Avenue Distributors, Black Entertainment Television (BET), Close Out Merchandise Buyers (COMB) of Minneapolis, Minnesota and a new venture just started by Joseph Segel, called the Cable Value Network (CVN). The Board of Directors of Park Avenue Distributors rejected the merger and decided to sell. Subsequently, Segel and Malone were able to acquire elements of Park Avenue Distributors operations to merge into their new company, now named Quality, Value & Convenience (QVC).
In 1988 Rob moved into the luxury wholesale and retail business and opened Arrelle Fine Linens. Arrelle was one of the nation’s first retail and wholesale outlets for couture home decorating textiles. Rosenberg established a brand and developed the nascent market for the imported products and established supplier relationship from producers in Italy, France, Switzerland, Germany and other European countries.
Over the next twenty years, Rob grew and diversified Arrelle Fine Linens to became among the most prestigious and successful retailers in its niche nationwide. In 1998 Rob and Arrelle Fine Linens were recognized by the Home Fashions Products Association in New York as “Retailer of the Year.” Rob graduated from the University of Michigan – Ann Arbor, with a Bachelor of Arts - History degree with high honors in 1984. He lives in Chicago with his wife and son.
MIKE MORAN, Vice President
Mike Moran joined Prometheus Capital after four years as an Associate with Citi’s Sports Finance and Advisory Group, where he worked on buy-side and sell-side M&A, debt and equity financings, and leveraged buyouts of professional sports franchises in the United States and Europe. He has also advised teams in the NHL, NBA, MLB, NFL, English Premier League, English Championship League and Serie A, including the Detroit Pistons, Los Angeles Dodgers, Florida Panthers and Fulham Football Club. Michael has a Bachelor’s of Science in Economics from the Wharton School, The University of Pennsylvania
JAMES CURRIE, Senior Advisor
Jim Currie is a Senior Advisor to Prometheus Capital and is involved in its investment banking practice, assisting in capital raises as well as leading M&A transactions. Jim has deep experience as a corporate General Counsel as well as a corporate executive.
Prior to his experience with Prometheus, he was CEO of Rapid Refund which was the first company to offer on-line filing of tax returns. He was also CEO of Borrowers Choice, the first company to offer on-line advertising of mortgage loan rates, origination of loan applications and other real estate services. Over the course of his career Jim negotiated and executed numerous M&A transactions and has over 25 years of business and investment banking experience. Jim resides in the greater Washington D.C. area.
WIL SPRATT, Senior Advisor
Mr. Spratt has served on the board and as CEO of several public and private companies in Canada (2002-2009) including: Parasun Technologies Inc., a company delivering software and services to the US Cable Industry; Kinzin International Inc, an international social publishing site for private groups; Uniserve Communications Corporation, a Canadian broadband service provider; and Knowledge Based Telephony Systems Inc., a VoIP service provider.
As a banker with Royal Bank of Canada (1990-2002), Mr. Spratt managed commercial credit portfolios with real estate and technology concentrations, as well as e-commerce and deposit product portfolios. In the Royal Bank's US internet bank subsidiary, Security First Network Bank (Atlanta), he was Managing Director, Business Development, assisting with the US acquisitions that led the Canadian bank's expansion into the US retail marketplace. In addition, Mr. Spratt has been a board member of Eagle Hill Exploration Corporation, Mammoth Capital Corporation and Ernex Marketing Technologies Inc. Mr. Spratt's expertise is concentrated in the areas of strategic planning, mergers and acquisitions, and the commercialization of new technology. Wil makes his home in Vancouver, British Columbia.