Skip to Main Content
Our Commitment to Diversity

K&L Gates Assists Focus Financial Partners on US$7B Acquisition

12 September 2023

A team of lawyers from global law firm K&L Gates LLP represented Focus Financial Partners Inc., a leading partnership of independent, fiduciary wealth management firms, on its acquisition by funds affiliated with Clayton, Dubilier & Rice, LLC and Stone Point Capital LLC in an all-cash transaction with an enterprise value in excess of US$7 billion. With the completion of the transaction, Focus Financial’s common stock has ceased trading and is no longer listed on NASDAQ.

Led by New York partner Robert Sichel, the K&L Gates team included Chicago partner Brent Williams, Boston partners Todd Gibson, Trayne Wheeler, and Grant Butler, Chicago associates Jake Annunziata and Matt King, Washington, D.C., associate Jessica Cohn, Miami associate Erin Pearson, and New York associate Jane Steffens, along with many other lawyers from the firm’s offices around the globe.

“We are delighted to work with the Focus Financial legal team on this important transaction,” said Sichel. “The broad depth and experience of our Asset Management and Investment Funds and Corporate practice groups was needed for a transaction involving regulated entities servicing institutional and retail clients as well as registered and private funds. I am excited for Focus Financial’s next chapter.”

Rusty McGranahan, general counsel of Focus Financial, added: “K&L Gates effectively and efficiently assisted us in obtaining required regulatory approvals and managed a complex client consent process with the utmost professionalism. The team gave me a sense of confidence that these matters would be handled timely with minimal client attrition.”

K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.

Return to top of page

Email Disclaimer

We welcome your email, but please understand that if you are not already a client of K&L Gates LLP, we cannot represent you until we confirm that doing so would not create a conflict of interest and is otherwise consistent with the policies of our firm. Accordingly, please do not include any confidential information until we verify that the firm is in a position to represent you and our engagement is confirmed in a letter. Prior to that time, there is no assurance that information you send us will be maintained as confidential. Thank you for your consideration.

Accept Cancel