HIG Capital and RCM Capital to acquire PI Financial.

Investment management firms HIG Capital and RCM Capital Management agreed to acquire PI Financial, a securities brokerage firm. Financial terms were not disclosed. "We are pleased to be working with experienced financial professionals who share our belief in PI's model and long-term growth prospects. We expect the ownership transition to be seamless for our team and our clients, and we look forward to building on our momentum with the support of our new owners," Jean-Paul Bachellerie, PI Financial CEO.