Focus Financial Partners Closes Secondary Offering of 7,000,000 Shares of Class A Common Stock
Vinson & Elkins advised Focus Financial Partners in connection with an underwritten secondary offering of 7,000,000 shares of Class A common stock. The offering, which priced at $48.00 per share, resulting in aggregate gross proceeds of $336 million, closed on March 2, 2021.
The V&E team was led by partner Brenda Lenahan with assistance from partner Robert Seber, senior associates Stancell Haigwood and Lucy Liu, and associates Maram Mahajna and Waid Barfield. Providing tax advice on the matter were partner Lina Dimachkieh and senior associate Allyson Seger.
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