A group of private equity investors is purchasing a majority stake in New York-based Focus Financial Partners.
The group, led by Greenwich, Conn.-based Stone Point Capital and New York-based KKR, are buying interest in Focus from private equity investors Centerbridge Partners, Summit Partners and Polaris Partners, wealth management affiliates and employees.
The buyers value Focus at $2 billion, but because of the firm’s size and complexity, arriving at price figures for value and AUM is difficult.
Focus is a partnership of more than 45 independent firms in the U.S., Canada, Australia and the U.K., and a joint venture in China. Focus’s largest RIA subsidiary, the St.