Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news

Tastemade Raises $35 Million in Latest Funding Round

Tastemade, a Santa Monica-based digital video company raised $35 million in a Series E round, the company announced Oct. 17.

Tease photo

Report: L.A. City Economy Boomed in 2017

The Los Angeles city economy boomed last year, registering more than 2 percent job growth over the previous year, a 25 percent jump in the valuation of building permits and a 7.5 percent increase in business gross receipts taxes, according to a report released Oct. 17 from Beacon Economics.

Transom Capital Group Buys Gene Juarez Salons & Spas

Los Angeles-based private equity firm Transom Capital Group has acquired Gene Juarez Salons & Spas, a Seattle fashion and beauty brand, from private equity firm Evergreen Pacific Partners.

Women’s Health Medical Device Maker Flex Co. Acquires Keela, Raises $3.6M

The Flex Co., a Venice-based medical device firm specializing in women’s health, announced Oct. 16 it had raised $3.6 million from investors while acquiring Keela, the designer of a menstrual cup.

Tease photo

Shamrock Buys Catalog of Pop Hit Makers Stargate

Westwood-based investment firm Shamrock Capital announced Oct. 16 that it has acquired the song writing and production catalog of Stargate, a duo that has worked for years with Rihanna, and also penned hits for Beyonce and Katy Perry.

Tease photo

Four L.A. Startups Make Pepperdine’s Most-Fundable List

Four of the top 15 companies that the Pepperdine Graziadio Business School selected as the “most fundable” companies as part of an analysis of thousands of early-stage U.S. companies are based in the Los Angeles region.

EP Wealth Adds Again With Deal in Colorado

More in mind under 2020 timeline for ambitious growth goal

EP Wealth Advisors adds a Denver-area firm.

Tease photo

Kitchen United Receives $10M Funding From L.A. Investors

Kitchen United, a Pasadena-based startup that wants to help restaurants open to new markets without investing in additional real estate, raised $10 million in a series A round of funding led by Alphabet’s venture capital arm GV, with participation from Los Angeles investors Harry Tsao and John Miller.

Tease photo

L.A. Prices Rose 0.5 Percent in September

Annual inflation rate remains steady at 3.9 percent

Consumer prices in the Los Angeles area rose 0.5 percent in September, but the annual inflation rate held steady at 3.9 percent, according to data released Oct. 11 from the U.S. Bureau of Labor Statistics.

SunTrust, Deutsche Bank Strengthen Private Wealth Management in California

Two major banks recently bolstered their wealth management businesses in California, with new manager hires in Los Angeles.

Tease photo

Sage Group Advises Bombas' Recapitalization with Great Hill Partners

Bombas, a sock manufacturer, has completed a recapitalization with Great Hill Partners, a Boston-based private equity firm, with financial advisory services provided by the Sage Group, a Santa Monica-based investment bank.

Tease photo

Commercial Bank of California hires presidents for L.A. and Orange counties

CBC Bancorp, the holding company for the newly established private bank Commercial Bank of California, has added leading market executives to its operations in Los Angeles and Orange counties.

Penelope Foley Joins TCW board following sexual harassment lawsuit

The TCW Group, a Los Angeles-based global asset management company, has appointed Penelope D. Foley to its board of directors, to replace former board member Jess Ravich, who resigned from board after an investigation uncovered “unprofessional communications.”

Tease photo

Valore, Grays Plan Roll Up of Storage Outfits

PE firms look to combine storage firms in California, expand in U.S. West

Valore Ventures and Grays Peak Capital look to roll up storage facilities.

Tease photo


Economic impact of immigrants in L.A. County’s second largest city

A new study shows the economic impact immigrants have on Long Beach.

Tease photo