Morgan Stanley Credit Partners Provides $43M Mezzanine Loan and Invests in H.D. Vest

Morgan Stanley Credit Partners has provided a $43m mezzanine loan to help finance the acquisition of H.D. Vest Financial Services by Parthenon Capital Partners, Lovell Minnick Partners and Fisher Lynch.

As part of the transaction, Morgan Stanley Credit Partners also completed an equity co-investment in the company.

Founded in 1983 and led by CEO Roger Ochs, H.D. Vest is an Irving, Texas-based provider of independent financial solutions to over 1.8m retail investors through an advisor base of over 4,800 securities-licensed tax professionals who daily receive training, technology, and support.

Parthenon Capital Partners, Lovell Minnick Partners, and Fisher Lynch acquired the company from Wells Fargo & Company (read here).



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