– New Credit Line Continues to Support Focus Model and Enhances 2014 Deal Pipeline – NEW YORK --(BUSINESS WIRE)-- Focus Financial Partners, LLC , the largest partnership of independent wealth management firms, today announced the close of a $400 million credit facility, nearly double in size from an earlier facility closed in 2012. The new facility can be increased by $150 million through the utilization of an accordion feature, expanding the facility to $550 million . The credit facility is supported by a consortium of leading financial institutions, including Bank of America, SunTrust Robinson Humphrey , The Bank of Tokyo Mitsubishi, UFJ , J.P. Morgan, Fifth Third Bank , U.S. Bank , Huntington Bank , Comerica Bank and TriState Capital Bank . “This newly established credit facility further exemplifies the strength and success of the Focus model,” said James Shanahan , CFO of Focus Financial Partners . “The continued enhancements to our capital structure allow us to concentrate on attracting new Partners and supporting the growth of existing ones. Focus shareholders also benefit from the tremendous flexibility and highly attractive rates that this funding creates.” The $550 million credit facility is available to all Focus Partners , providing them with access to market leading capabilities, expertise and the elite network of the market leader in independent wealth management while retaining their independence and entrepreneurial goals. The new credit line also further supports Focus Partners with succession planning, their ability to execute mergers with smaller wealth management firms, and achieving new levels of growth. Rudy Adolf , founder and CEO of Focus, stated: “The marketplace continues to support the success of the Focus model and the trend towards independent wealth management. This past year has been an exceptional one for Focus: With the liquidity event created by the $216 million minority equity investment through Centerbridge Partners ; The closing of ten Focus and Partner Firm deals; Focus Successions reaching $2 billion in client assets and supporting five Focus Partner Firms; The closing of the $550 million credit facility; and, Further enhancements to our partner value add programs. We expect robust deal activity in 2014, and this increase in financing allows us to accelerate the growth of Focus and our Partner Firms.” Focus and its Partners have approximately $70 billion in client assets. During this time, the firm has further expanded its Partners’ support and M&A team with ten new hires and has committed substantial resources to assist partners in the areas of marketing, technology, operations, capital investments and sharing of best practices. About Focus Financial Partners Founded in 2006, Focus Financial Partners, LLC , is the leading international partnership of independent, fiduciary wealth management firms. With approximately $70 billion in total client assets and 27 partners, Focus provides unrivaled access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with wealth management, benefit and investment consulting services. Focus partner firms maintain their entrepreneurial independence, while they benefit from the synergies, scale, economics and best practices of the market leader to achieve their business objectives. Focus was included on Inc. magazine’s 5000 ranking of the nation’s fastest-growing private companies in 2011 and 2010. In 2012, Focus was named a Crain’s New York Business “Fast 50” growth firm in New York City . For more information, please visit www.focusfinancialpartners.com FTI Consulting Raina Gajjar , +1 212-850-5724 Raina.Gajjar@fticonsulting.com Source: Focus Financial Partners, LLC
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