Focus $336 million follow-on offering
Davis Polk advised the representatives of the underwriters in connection with the $336 million follow-on public offering of 7,000,000 shares of Class A common stock of Focus Financial Partners Inc. This amount includes 262,306 shares offered by Focus and 6,737,694 shares offered by certain selling stockholders of Focus affiliated with Kohlberg Kravis Roberts & Co. L.P. and Stone Point Capital LLC (the “selling stockholders”). The selling stockholders also granted the underwriters an option to purchase up to an additional 1,050,000 shares of Focus’ Class A common stock. The Class A common stock is listed on the Nasdaq Global Select Market under the symbol “FOCS.”
Focus is a leading partnership of independent, fiduciary wealth management firms operating in the highly fragmented registered investment advisor industry, with a footprint of over 70 partner firms across the United States.
The Davis Polk corporate team included partner Derek Dostal and associate Maxim Van de moortel. The tax team included partner Mario J. Verdolini and associate Tomislava Dragicevic. Members of the Davis Polk team are based in the New York and London offices.