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Potter Anderson Advises Special Committee of Focus Financial Partners in $7B Acquisition by Clayton, Dubilier & Rice

February 27, 2023

Focus Financial Partners Inc., a leading partnership of independent, fiduciary wealth management firms, Clayton, Dubilier & Rice, LLC ("CD&R") and Stone Point Capital LLC announced today that Focus and CD&R have entered into a definitive agreement for Focus to be acquired by affiliates of CD&R in an all-cash transaction valued at an enterprise value of over $7 billion.

The proposed transaction delivers substantial value to Focus' stockholders, who will receive $53 in cash per share, representing an approximately 36% premium to Focus' 60-day volume weighted average price as of the close on February 1, 2023 (the day prior to public announcement of the potential transaction), and an approximately 48% premium to the closing price of the Company's Class A common stock on December 28, 2022 (the day the Special Committee of the Board of Directors of Focus authorized its financial advisors to contact other specified potential bidders regarding interest in a potential transaction).

Potter Anderson is serving as legal counsel to the special committee of Focus Financial Partners on the deal. The team includes partners Mark Morton and Tom Mullen and associates Rebecca Salko and Garrett Lyons.