Private equity firm CD&R proposes to buy Focus Financial for $4.1 bln (updated)

Focus Financial Partners

02/02/2023 13:14

(Adds background, share price)
       Feb 2 (Reuters) - Private equity firm Clayton, Dubilier
and Rice is weighing a $4.1 billion buyout offer for investment
adviser Focus Financial Partners Inc  FOCS.O , according to a
regulatory filing on Thursday.
    The offer price of $53 per share marks a nearly 15% premium
to stock's last close on Wednesday. Shares of Focus Financial
were up 12.4% at $52 in premarket trading. 
    Private equity firms, with billions of dollars of cash and a
mandate to invest, have offered some respite in an environment
that is still tough for dealmaking as fears of an economic
downturn intensify. 
 (Reporting by Niket Nishant; Editing by Shinjini Ganguli and
Krishna Chandra Eluri)
 ((Niket.Nishant@thomsonreuters.com))