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New York based financial advisory rollup Focus Financial Partners is going to be aquired by an investor group led by Stone Point Capital and KKR. The price of the acquisition puts Focus at an approximate $2 billion valuation.
PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Focus Financial Partners (‘Focus’), a leading international partnership of independent, fiduciary wealth management firms, announced today that an investor group led by Stone Point Capital (‘Stone Point’) and KKR will acquire a majority stake in the company, which values Focus at approximately $2 billion. 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.
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