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Venture Capital

HighTower To Acquire WealthTrust From Lee Equity

by pehub.com posted 1year ago 460 views
Lee Equity Partners is selling WealthTrust to HighTower. According to the buyer, the transaction will increase its client assets to nearly $46 billion. Although the exact financial terms were not disclosed, HighTower funded the acquisition through a $75 million expansion of its credit facility to $245 million led by BMO Harris and lenders Regions Bank, Fifth Third Bank and KeyBank.