PCF

The news team runs you through this week’s key M&A deals.

He succeeds Felix Morgan, who was promoted to CEO last December.

The financing was oversubscribed, with strong demand from new and existing lenders.

PCF claims it overpaid the first year earnout by over $19mn in the $226mn acquisition of Rice.

Foy will remain board chair and expand his capacity as an ambassador for the company, primarily focusing on internal and external relationships and supporting M&A activities.

The question of how to finance the private brokers no longer begins and ends with a PE flip.