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New Deal


Announced

KKR and Stone Point invested $2bn in Focus Financial Partners

Financials

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wealth management

Pending

asset and wealth management

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Acquisition

Public

Private Equity

United States

Asset Managers and Custodians

Single Bidder

Synopsis

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Focus Financial Partners, a leading international partnership of independent, fiduciary wealth management firms, announced today that an investor group led by Stone Point Capital and KKR will acquire a majority stake in the company, which values Focus at approximately $2bn. Selling shareholders include Focus’ existing private equity investors, Centerbridge Partners, Summit Partners and Polaris Partners, as well as certain wealth management affiliates and employees. This is the third liquidity event for Focus and its wealth management affiliates since 2013. Focus’ senior management team will continue to lead the business and each will remain a significant shareholder. "Rudy and his team have built a remarkable business model that provides relentless support to their independent wealth management advisors. We are excited to enhance their continued expansion with our sector expertise and deep network of relationships throughout the financial services industry." Chuck Davis, Stone Point Capital CEO.

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