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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Butterfly Acquires Pacifico Aquaculture in Mexico

Butterfly Equity, a private equity firm specializing in the food sector, has acquired Pacifico Aquaculture in Mexico, the company announced Jan. 9. Terms of the deal were not disclosed.

Clearlake Capital to Acquire Janus International

Clearlake Capital Group, a private equity firm based in Santa Monica, agreed to acquire Janus International Group for an undisclosed sum, the outfits announced Jan. 17.

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Venture Capital Investment to L.A. Region Falls Again

For the second year in a row, the amount of venture capital dollars invested into L.A.-area companies fell, dropping 8.6 percent to $3.2 billion from the year prior, according to a report by Dow Jones VentureSource.

Clearlake Capital Acquires Perforce Software from Summit Partners

Santa Monica-based private equity firm Clearlake Capital Group announced the acquisition of Perforce Software Jan. 10 from Summit Partners. No financial terms of the transaction were disclosed.

L.A. County Slips in Annual Economic Performance Rankings

Los Angeles County fell sharply in an annual ranking of job growth and economic performance among metropolitan areas, according to a Milken Institute report released on Jan. 10.

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Caltius Equity Partners Sells Stake in MC Sign; Deal Valued at $100 Million

Santa Monica-based Caltius Equity Partners announced Jan. 9 the sale of its portfolio company MC Sign, a signage and lighting service company based in Mentor, Ohio, to Arcapita Investment Management US Inc. The total value of the transaction was $100 million, Caltius said in a statement.

LightBay Capital Raises $615 Million for Inaugural Private Equity Fund

LightBay Capital announced Thursday that its inaugural institutional fund, LightBay Investment Partners LP, secured $615 million in capital.

LAEDC Hires New Chief Economist

The Los Angeles County Economic Development Corporation has hired local industry economic forecaster Steven Banks as its new chief economist, the nonprofit was set to announce on Thursday.

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Nippon Life Insurance Company Acquires Minority Stake in TCW

On Wednesday, global asset management company TCW announced that Nippon Life Insurance acquired a 24.75 percent minority stake in the company. Nippon Life Insurance, a Japanese private life insurance company with $6.2 billion in profits, acquired its stake in TCW from the Carlyle Group (NASDAQ: CG), another minority owner of TCW.

L.A. County Unemployment Rate Drops to 4.5 Percent Amid Strong Seasonal Hiring

L.A. County’s unemployment rate fell to 4.5 percent in November and employer payrolls hit a record 4.5 million as retailers and other employers bulked up staff for the holiday season, state figures released Friday show.

First Foundation Acquires PBB Bancorp for $106 Million

First Foundation Inc. of Irvine announced Tuesday the acquisition of PBB Bancorp of downtown in an all-stock deal worth approximately $106 million.

City National Bank Beefs up Food and Beverage Expertise

Downtown’s City National Bank expanded the headcount of its newer food and beverage group to 16 bankers, the company announced in a statement today.

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Platinum Equity Acquires Husky Injection Molding Systems for $3.9 Billion

Platinum Equity announced Monday the acquisition of Husky Injection Molding Systems for $3.9 billion from Berkshire Partners and OMERS Private Equity.

Disney Picks Up 21st Century Fox for $52 Billion

Walt Disney Co. has agreed to buy 21st Century Fox for $52.4 billion, Disney announced Thursday.

Los Angeles City Council Passes Development Linkage Fee to Fund Affordable Housing

The Los Angeles City Council on Wednesday approved the imposition of linkage fees on developers of new residential and commercial projects to generate revenue for an affordable housing fund.

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