SBA Loans Available for those Affected by California’s Recent Natural Disasters

The U.S. Small Business Administration announced on Feb. 13 that it had approved $20 million in loans for Southern California businesses and residents affected by recent mudslides and wildfires.

Pepperdine, Venture Alliance Take Aim at Startup Funding

The Pepperdine Graziadio School of Business, in partnership with the Venture Alliance, is launching an initiative to better prepare startups for investment funding.

Fourth-Quarter Results Contribute to Molina Health’s $500M Loss in 2017

Troubled insurance giant Molina Health Care Inc. on Feb. 12 reported a more than $500 million loss last year, with more than half occurring in the fourth quarter.

Torrance’s EP Wealth Advisors Scoops Up Millie Capital Management

EP Wealth Advisors, a wealth management firm in Torrance, has acquired Millie Capital Management for an unknown sum, the company said.

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L.A.’s OpenGate Capital to Acquire Jøtul Group

Los Angeles private equity firm OpenGate Capital has agreed to acquire Jøtul Group, a Norway-based manufacturer of stoves and fireplaces, from Ratos AB, according to OpenGate.

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Pacific Premier Bancorp Agrees to Buy L.A.’s Grandpoint Capital in $641.2M Deal

Pacific Premier Bancorp Inc. of Irvine announced it has agreed to acquire L.A.-based Grandpoint Capital Inc., the holding company of Grandpoint Bank, in a deal valued at about $641.2 million.

Ares Management, CRC Team Up for Power Plant Joint Venture

California Resources Corp. has entered into a joint venture with a portfolio company of Los Angeles-based investment firm Ares Management to own the Elk Hills power plant near Bakersfield.

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L.A. Man Indicted in International Cyberfraud Ring

Dozens of criminal charges have been filed following a federal investigation into a global cybercrime ring blamed for more than $530 million in losses caused by identity theft, according to the U.S. Department of Justice.

Hana Financial Sells SBA Lending Business

Stamford, Conn.-based Patriot National Bancorp Inc. has agreed to acquire Hana Financial Inc.’s Small Business Administration lending business.

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Brentwood Associates Invests in Credentials Solutions

Middle-market private equity firm Brentwood Associates in Sawtelle announced on Feb. 6 an investment in Credentials Solutions, a technology company that provides business services to the higher education sector. The amount invested was not disclosed.

Platinum Equity Acquires WS Packaging Group

Beverly Hills private equity firm Platinum Equity announced it has acquired packaging and labeling company WS Packing Group of Green Bay, Wis. from J.W. Childs Associates.

Ares Management Acquires Convergint Technologies

A fund managed by the Century City-based Ares Management’s private equity group has acquired Schaumberg, Ill.-based security systems integrator Convergint Technologies, from KRG-affiliated investment funds for an undisclosed amount.

L.A.’s BizFed Wants Active Role in Development, Job-Creating Policies

The Los Angeles County Business Federation on Jan. 30 announced it plans to take on a more active role in bringing development projects forward around the county and pushing for business-friendly policies that create jobs.

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MONEY 2018

L.A. Finance From Small Business to Top Deals

Money is a resource highlighting the sectors and institutions that finance the community of business in L.A., from small business loans to the top deals. The section covers a range of institutions from the big banks to private offices, spotlights some of the year's key M&A deals and includes contacts for banks and finance companies that work with Los Angeles companies.

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Dog-Walking App Wag Lands $300M from SoftBank, New CEO

On-demand dog-walking app Wag landed a $300 million commitment from the SoftBank Vision Fund and announced former LifeLock executive Hilary Schneider as the company’s new chief executive.

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