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.
Finance: Industry growth tempered by rates, volatility
Local banks are prepping for potential economic turbulence.
Saros raised $7.055 million for its West Hollywood-based private firm that specializes in artificial intelligence in the financial industry, according to a filing with federal securities regulators.
MedMen Enterprises Inc., a Culver City-based cannabis investment and management firm, on Oct. 25 announced a $67 million loss in 2018 despite reporting a 1,400-percent growth in revenue.
Santa Monica-based private equity firm Angeles Equity Partners hired Frank Spelman, a former executive with private equity behemoths Apollo Global Management and Kohlberg Kravis Roberts & Co., as a managing director.
Los Angeles-based City National Bank, which was acquired nearly three years ago by Canada’s Royal Bank of Canada, announced that long-time Chief Executive Russell Goldsmith will be succeeded by JPMorgan’s Kelly Coffey but that Goldsmith will continue to serve as chairman.