Reporter (Deals & Dealmakers)
INVESTMENT: Firms come together to cope with costs, as old guard opts to retire.
Range of factors brings together wealth management firms through mergers and acquisitions.
A technology company in China announced in a regulatory filing last week that it is paying $179 million to increase its stake in online electronics retailer Newegg Inc. to almost 94 percent.
Organic baby-food startup Caer Inc., which does business as Yumi, announced a $4.1 million seed round last week, taking money from a mix of angel investors and venture capital outfits.
SPORTS: Dan Fegan looks to score deals amid ex-firm feud.
Basketball agent Dan Fegan and his former firm, ISE, are feuding.
EMPLOYMENT: Adam Feit, Matthew Dalany to bolster Union Bank’s sector efforts.
It seems like a new private equity shop rears its head in Los Angeles every week, and the banks have noticed.
Culver City marijuana investment outfit MMMG - also known as MedMen - filed paperwork with the Securities & Exchange Commission Monday showing it had raised just $60 million of an inaugural $100 million fund.
Rash of retail bankruptcies has raised concerns over loading firms with debt to pay dividends.
The Los Angeles County Board of Supervisors voted unanimously Tuesday to extend a ban on cannabis businesses operating in unincorporated areas of the county.
Multiple sources familiar with the situation said City Council President Herb Wesson has tapped Drug Policy Alliance’s Cat Packer as executive director of L.A.’s forthcoming Cannabis Licensing Commission.
MARIJUANA: L.A. looks for temporary help for businesses
Los Angeles City Council mulls a temporary registry to take the heat off pot shops.