Brief: Focus Financial Partners To Be Acquired By Clayton, Dubilier & Rice

Focus Financial Partners

27/02/2023 13:38

Feb 27 (Reuters) - Focus Financial Partners Inc  FOCS.O :
    * FOCUS FINANCIAL PARTNERS TO BE ACQUIRED BY CLAYTON,
DUBILIER &
RICE
    * PROPOSED DEAL FOR ALL-CASH TRANSACTION VALUED AT AN
ENTERPRISE
VALUE OF OVER $7 BILLION
    * STOCKHOLDERS TO RECEIVE $53 PER SHARE IN CASH
    * FUNDS MANAGED BY STONE POINT AGREED TO RETAIN PORTION OF
INVESTMENT IN CO, PROVIDE NEW EQUITY FINANCING AS PART OF
PROPOSED DEAL
    * FOCUS WILL CEASE TO BE A PUBLICLY TRADED COMPANY UPON
CONSUMMATION OF PROPOSED TRANSACTION
    * CD&R & STONE POINT TO FINANCE DEAL WITH FULLY COMMITTED
EQUITY
FINANCING THAT IS NOT SUBJECT TO ANY FINANCING CONDITION
    * DEAL PROVIDES FOR 40-DAY GO-SHOP PROVISION


Further company coverage:  FOCS.O