M&A Deal Summary

CD&R and Stone Point Capital Acquire Focus Financial Partners

On February 27, 2023, private equity firms CD&R and Stone Point Capital acquired financial services company Focus Financial Partners for 7.0B USD

Acquisition Highlights
  • This is CD&R’s 2nd and Stone Point Capital’s 35th transaction in the Financial Services sector.
  • This is CD&R’s 7th and Stone Point Capital’s 2nd largest (disclosed) transaction.
  • This is CD&R’s 61st and Stone Point Capital’s 95th transaction in the United States.
  • This is CD&R’s 2nd and Stone Point Capital’s 19th transaction in New York.

M&A Deal Summary
Date 2023-02-27
Target Focus Financial Partners
Sector Financial Services
Buyer(s) CD&R
Stone Point Capital
Deal Type Going Private
Deal Value 7.0B USD
Advisor(s) Vinson & Elkins (Legal)

Target

Focus Financial Partners

New York, New York, United States
Focus Financial Partners is a partnership of independent, fiduciary wealth management firms. Focus provides superior access to best practices, resources, and continuity planning for its partner firms that serve individuals, families, employers, and institutions with wealth management, benefits consulting, and investment consulting services. Focus Financial Partners is based in New York City.

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Buyer(S) 2

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 86 of 93
Sector (Financial Services) 2 of 2
Type (Going Private) 10 of 13
State (New York) 2 of 3
Country (United States) 61 of 67
Year (2023) 2 of 4
Size (of disclosed) 7 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Pursuit Aerospace

Manchester, Connecticut, United States

Pursuit Aerospace is a global manufacturer of highly engineered aircraft engine components with capabilities across fabrication, precision machining, forging, casting, and complex assembly. Pursuit supports the world’s leading aero-engines across commercial and military aircraft platforms through longer-term relationships with OEMs and Tier 1 suppliers. Pursuit Aerospace is based in Manchester, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Veritiv

Atlanta, Georgia, United States

Veritiv is a distributor of packaging, facility solutions, print and publishing products and services; and also a provider of logistics and supply chain management solutions. Serving customers in a wide range of industries, the Company has approximately 160 operating distribution centers throughout the U.S., Canada and Mexico, and employs approximately 8,700 team members that help shape the success of its customers. Veritiv was founded in 2013 and is based in Atlanta, Georgia.

Buy -
Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 108 of 114
Sector (Financial Services) 35 of 36
Type (Going Private) 6 of 7
State (New York) 19 of 19
Country (United States) 95 of 101
Year (2023) 3 of 4
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Lincoln

Dallas, Texas, United States

Lincoln is one of the diversified commercial real estate operating company offering a comprehensive suite of services. Lincoln manages, leases, develops and provides investment management and advisory services to owners and occupiers of office, life science, retail, industrial, data center, production studio and mixed-use properties throughout the United States and Europe. Lincoln was founded in 1965 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 EverBank

Jacksonville, Florida, United States

EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida.

Buy -
Mergr

Product

Company

Legal