Focus Financial Partners Inc. (FOCS) Launches Secondary Offering of 7.4M Shares
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Focus Financial Partners Inc. (FOCS) Prices 7.4M Secondary Offering at $50.30/Sh; KKR Exists its Position in Company
June 22, 2021 5:05 AM EDTFocus Financial Partners Inc. (NASDAQ: FOCS) announced today the pricing of the previously announced underwritten secondary offering of 7,417,929 shares of its Class A common stock. This amount includes 7,144,244 shares offered by certain selling stockholders of Focus affiliated with Kohlberg Kravis Roberts & Co. L.P. ("KKR") and 273,685 shares offered by Focus (the "Offering") on behalf of certain of the existing unitholders of Focus Financial Partners, LLC ("Focus LLC"), its operating subsidiary, at a public offering price of $50.30 per share. Upon consummation of this offering, KKR will no longer own interests in Focus or Focus LLC.... More
