PCF
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The news team runs you through this week’s key M&A deals. -
He succeeds Felix Morgan, who was promoted to CEO last December.
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The financing was oversubscribed, with strong demand from new and existing lenders.
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PCF claims it overpaid the first year earnout by over $19mn in the $226mn acquisition of Rice.
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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.
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The question of how to finance the private brokers no longer begins and ends with a PE flip.
