Tastemade, a Santa Monica-based digital video company raised $35 million in a Series E round, the company announced Oct. 17.
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.
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.
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.
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.
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.
More in mind under 2020 timeline for ambitious growth goal
EP Wealth Advisors adds a Denver-area firm.
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.
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.
Two major banks recently bolstered their wealth management businesses in California, with new manager hires in Los Angeles.
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.
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.
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.”
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.
Economic impact of immigrants in L.A. County’s second largest city
A new study shows the economic impact immigrants have on Long Beach.