Los Angeles may have lost out on its bid for Amazon’s second headquarters, but the Los Angeles County Economic Development Corp. said there was a silver lining for the city in the tech giant’s decision: The partnerships and cooperation among the county’s many jurisdictions during the Amazon bid process should boost future business attraction and retention efforts.
Culver City-based restaurant chain Sweetgreen announced a $200 million Series H round today, bringing the company’s valuation to more than $1 billion.
Custom Content by the Los Angeles Business Journal
MAINTEX has been Southern California’s leading chemical manufacturer and distributor of facility supplies and cleaning equipment for more than 55 years.
A skincare chain in New York City with big hopes of disrupting the industry has established its first location in Southern California and plans to spread throughout region with the help of $8 million in funding from an investment group led by Venice-based Fifth Wall Ventures.
Santa Monica-based Cornerstone OnDemand Inc. has acquired privately held Grovo Learning Inc., a New York City-based technology company.
Asset manager R4 Capital has arranged $17.3 million of equity and $43 million in tax exempt financing for housing preservation in Los Angeles.
FINANCE: Meruelo-backed bank makes northward push
CBC Bancorp, the holding company for the newly private Commercial Bank of California, has big growth plans for Los Angeles County.
Partnership will focus on consumer brands; closes Little Freddie investment
VMG Partners, a private equity firm with major offices in Century City and San Francisco, has set up a $100 million fund with Hillhouse Capital,
Venice-based Vive Organic, makers of cold-pressed wellness shots closed a $7 million Series A round led by Powerplant Ventures, a food and beverage investment fund in Manhattan Beach.
Downtown LA-based DreamHost, a provider of web hosting and site management, announced Oct. 30 it completed an $18 million debt financing credit facility with J.P. Morgan Chase and Co.
Covercraft Industries, a portfolio company of El Segundo-based private equity firm Century Park Capital Partners, acquired Carver Industries for an undisclosed amount, the companies recently announced.
Los Angeles-based alternative investor Oaktree Capital Management agreed to provide $100 million to Assembled Brands, a New York City-based company financing emerging consumer goods.
El Segundo firm purchased by Accenture to expand Oracle services
Daz-zling deal for cloud services company.
Trans-Pacific tensions weigh on consumer confidence in L.A. County
L.A.’s consumer sentiment index drops as trade war heats up.
Banking: City National CEO hands reigns to Coffey
City National CEO Russell Goldsmith to step down after 23 years.