Centerbridge's Focus Financial buys first Canadian wealth manager
Focus Financial Partners LLC, a portfolio company of U.S. private equity firm Centerbridge Capital Partners, has acquired Dorchester Wealth Management Co, a Montréal-based investment counselling and wealth management business with over $850 million in assets. The financial terms of the deal were not released. Focus, a global partnership of independent wealth managers, said the acquisition marks its entry into the market in Canada. Headquartered in New York, the company received a US$216 million investment from Centerbridge in July 2013.
13 April 2015•3 mins read
