Tortoise Investments plans new debt for buyout by Lovell Minnick

By Sara Rosenberg

New York, Oct. 18 – Tortoise Investments plans on getting new debt financing to help fund its acquisition by Lovell Minnick Partners, according to a news release.

UBS and Credit Suisse are leading the debt.

Closing is expected by the end of the first quarter of 2018, subject to standard regulatory, client and fund shareholder approvals.

Tortoise is a Leawood, Kan.-based provider of investment solutions and market insights.

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