Clayton Dubilier & Rice, a private investment firm, completed the acquisition of Focus Financial Partners, a partnership of independent, fiduciary wealth management firms, from Stone Point, a private equity firm, for $7bn. "This transaction represents an important evolution in the resources we will have to invest, enabling us to increase the value we deliver to our partners and their clients. Our diverse and growing partnership creates enduring advantages. We are uniquely positioned to capitalize on industry trends while offering the expertise and resources that help our partners provide differentiated service to their clients," Rudy Adolf, Focus Founder, CEO and Chairman.