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will buy a 65 perceng stake inthe Leawood-based company for an undisclosed sum, the companies announced June 3. When probably in the third quarter, the deal will put Marined well on the way to a goal state in early 2008 ofhavinv $5 billion in assets under management in five Mariner Holdings and executives with Tortoise Capital Advisors agreed to buy all interestsa from and . Tortoise managing directors Kevin Zachary Hamel, Ken Malvey, Terry Matlack and David Schulte will own 35 percent of the and four other senior managers will be eligibl e to buy a stake in Tortoise through an equitu ownership plan.
Tortoise advises four publicly tradedfunds (NYSE: TYG), (NYSE: TYY), (NYSE: TYN) and TTO). The funds specialize in maste limited partnerships, or MLPs, in companies involvesd in the energyinfrastructur industry.
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