WILMINGTON, Del., March 6, 2023 (GLOBE NEWSWIRE) — Andrews & Springer LLCA boutique securities class action law firm focused on representing shareholders nationwide is investigating a possible breach of fiduciary duty claims against the board of Focus Financial Partners, Inc. FOK (“Focus Financial” or the “Company”) in connection with the sale of Focus Financial to Clayton Dubilier & Rice, LLC (“CD&R”), a private equity firm. On February 27, 2023, the two parties announced that they had reached an agreement in principle whereby CD&R would acquire Focus Financial in a going-private merger. As a result of the merger, Focus Financial shareholders are expected to receive only $53.00 per share in cash in exchange for each Focus Financial share.

Our firm’s investigation to date has found that the merger appears to have significant conflicts of interest, making the process and consideration unfair. For example, Stone Point Capital, which currently owns and controls over 20% of Focus Financial’s outstanding shares, will transfer a portion of its equity to the private company, while the remaining Focus Financial shareholders will receive $53.00 per share in cash at no profit in the combined company. In fact, the consideration of $53.00 per share is only a 5.57% premium to the company’s closing price of $50.20 per share on Feb. 24, the last trading day before the merger was announced.

If you currently own Focus Financial stock and would like additional information and protection for your investments at no cost please visit us at http://www.andrewsspringer.com/cases-investigations/focus-financial-merger-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll-free at 1-800-423-6013. You can also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llcTwitter – www.twitter.com/AndrewsSpringer or Facebook- www.facebook.com/AndrewsSpringer for future updates.