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Top related persons:
Clayton - 1 Rice - 1 Breakingviews - 1 9fin - 1 Cooper’s - 1 Blackstone - 1 Datacenters - 1 Murray - 1
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Dubilier Delaware BlackRock First Republic U.S Omaha
Top related orgs:
YORK - 1 Partners - 1 P - 1 Reuters Graphics Reuters - 1 Cornerstone - 1 Focus Financial - 1 Stone - 1 Point - 1

Search resuls for: "Focus Financial"


4 mentions found


☆ Buyout barons feast on excesses of last boom
  + stars: | 2023-07-21 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +7 min
That opens up plenty of potential loopholes which could allow borrowers to keep their old loans even after a deal. Lenders explicitly allow a company’s so-called “permitted holders” - typically its management or long-time investors - to assume responsibility for the debt. For example, one definition of a change of control is where the majority of board seats change hands. That means the company’s debt can stay put, news service 9fin reported. Interest rates for loans provided by private lenders have risen from 6.2% to 11.6% over a similar time frame.
Persons: Clayton, Rice, Breakingviews, 9fin, Cooper’s, Blackstone, Datacenters, Murray, dealmakers, Peter Thal Larsen, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Partners, P, Reuters Graphics Reuters, Cornerstone, Focus Financial, Stone, Point, Smart, Securities, Exchange, NRG Energy, QTS Realty Trust, Foresight Energy, American Consolidated Natural Resources, Foresight, P Global Market Intelligence, Thomson, & $ Locations: Dubilier, Delaware
☆ These financial stocks were most loved—and hated—by hedge funds during the banking crisis
  + stars: | 2023-05-24 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
The banking crisis wreaked havoc in the industry in recent months, and hedge funds have been picking winners and losers among financial stocks, according to Goldman Sachs. Goldman then identified financial and real estate stocks with the largest recent changes in ownership among hedge funds. As for financial and real estate stocks that hedge funds sold the most in the first quarter, Welltower topped the list with 26 funds dumping the name. A number of hedge funds also decreased their exposure to Visa and CME Group . East West Bancorp , Aon , First Interstate BancSystem and Discover Financial Services were other names that hedge funds hated last quarter amid the banking chaos.
Persons: Goldman Sachs, Goldman, Charles Schwab, Welltower, Warren Buffett, Berkshire Hathaway Organizations: Focus Financial Partners, Investors, Valley Bank, First, Fidelity National, SLM Corp, Everest, Visa, CME Group, U.S . Bancorp, East West Bancorp, Aon, Discover Financial Services Locations: BlackRock, First Republic, U.S, Omaha
☆ CD&R to take Focus Financial private in over $7 bln deal
  + stars: | 2023-02-27 | by ( ) www.reuters.com   time to read: +2 min
Feb 27 (Reuters) - Focus Financial Partners Inc (FOCS.O) has agreed to be taken private by affiliates of buyout firm Clayton, Dubilier & Rice (CD&R) in an all-cash transaction valued at more than $7 billion including debt, the companies said on Monday. The buyout firm's offer highlights how private equity firms are pouncing on the plunge in valuations to snap up companies. CD&R and Stone Point will fund the deal, which is expected to close in the third quarter of this year, with fully-committed equity financing. Stone Point and fellow private equity firm KKR & Co (KKR.N) owned New York-based company Focus prior to its listing in 2018. Jefferies LLC and Goldman Sachs are financial advisers to Focus, while Moelis & Co, Truist Securities Inc and BofA Securities are among advisers to CD&R.
☆ Private equity firm CD&R proposes to buy Focus Financial for $4.1 bln
  + stars: | 2023-02-02 | by ( ) www.reuters.com   time to read: 1 min
Feb 2 (Reuters) - Private equity firm Clayton, Dubilier and Rice is weighing a $4.1 billion buyout offer for investment adviser Focus Financial Partners Inc (FOCS.O), according to a regulatory filing on Thursday. The offer price of $53 per share marks a nearly 15% premium to stock's last close on Wednesday. Shares of Focus Financial were up 12.4% at $52 in premarket trading. Private equity firms, with billions of dollars of cash and a mandate to invest, have offered some respite in an environment that is still tough for dealmaking as fears of an economic downturn intensify. Reporting by Niket Nishant; Editing by Shinjini Ganguli and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
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