Affiliates of Clayton, Dubilier & Rice LLC (CD&R) have agreed to acquire Focus Financial Partners in an all-cash transaction worth $7 billion. Funds managed by Stone Point Capital LLC agreed to retain a portion of their investment in Focus and provide new equity financing as part of the deal.

CD&R and Stone Point told AdvisorHub that they agreed to the deal because of Focus's competitive positioning in a multitrillion-dollar global industry. Focus has nearly 90 firms in its partnership and acquires high-performing wealth-management firms primarily serving high- and ultra-high-net-worth clients. Additionally, Focus has a significant presence in the sector globally through its international partner firms.

The agreement provides a 40-day "go-shop" period expiring on April 8, 2023. The deal is expected to close in the third quarter of this year. Upon closing, Focus will cease to be a publicly traded company.

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