Focus Financial IPO pays off for KKR and Stone Point, after all, by hitting price mark, plus an investor 'pop.' Now, on to the less glamorous task of paying down debt
Roll-up's day-one shares opened at $35, traded briskly and closed with a tidy 13.79% gain from the $33 base
Author Brooke Southall July 28, 2018 at 2:51 AM
Related Moves
Oisín's Doubletakes: Clara Shih returns to Salesforce after 11-year hiatus • Focus reloads for M&A with $500 million debt raise, taking its credit north of $1.5 billion • Goldman Sach's 2020 partners list looks less homogenous -- even 'accretive' of women
Former HearSay CEO returns to her mother corporation • Focus Financial Partners debt levels soar 50% on fresh debt issuance • Goldman adds diversity, but snubs Marcus partnerships
February 6, 2021 at 2:39 AM
Mentioned in this article:
Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf
Jeff Spears
July 28, 2018 — 4:03 PM
The next hires are very important. Not new Advisory Teams but new Focus professionals who can help their partner firms with organic growth. Focus has the inorganic growth pitch down.
David
July 29, 2018 — 11:25 PM
Looks like quite the bang up job next to Hightower at $1.68, partner
