RFIB on acquisition trail following Calera Capital deal
RFIB is set to go on the acquisition trail after selling a stake in itself to private equity firm Calera Capital, but the broker's CEO Jonathan Turnbull admits that its choice of targets is shrinking.
At the end of May, the US-based private equity house paid an undisclosed amount to take a majority stake in RFIB, and Turnbull explained that the deal would mean that the broker will now look to
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