Stories by Henry
Royal Bank of Canada has tapped Kent Savagian to run its L.A.-based investment banking operation.
Former president of Mexico arrives with merger held up, crowdfunding in works
Platinum Equity gets $1.4 billion for cargo handling company.
Car-sharing company could raise $14.5 million with offering; no date set
HyreCar contemplates IPO.
MedMen shells out $53M for Florida grow op one week after public listing
MedMen Enterprises follows up public listing in Canada with $53 million acquisition in Florida.
E-sports Company Raises $15M on High School Gaming League Prospect; Jay Goss Details Strategy for New Health Care Fund; AeroVironment Divests Energy Unit for $35 Million
Hulu Shakeup Includes Three Departures, Two Hires; Commercial Payload on SpaceX’s Falcon Heavy Could Come by Year’s End; Cache Creek Industries Acquires Mountain Secure
Second acquisition of 2018, third in the last 12 months; funded by outside capital
EP Wealth Advisors adds $420 million to assets under management with acquisition of Donnelly Wealth Advisors.
Internet Trends Report Highlights Code Conference; Half of Hulu Subscribers Pay for Ad-Free Streaming; SnackNation Raises $12 Million
Sequoia said to Value Scooter Outfit Bird at $1 Billion as Part of $150 Million Raise; Snap Facing Diversity, Morale Challenges; Surkus Raises $10 Million
Proterra raises $100 million for electric buses; new european data privacy regs wreak havoc on U.S. sites; L.A. biotech lab to close
Cloud computing outfit leverages $75 million private equity investment
South Bay-based cloud computing service provider Reliam puts $75 million to work.
Justice Department investigates cryptocurrency and price manipulation; PeerStreet passes $1 billion mark in real estate loans; UCLA Magnify looks for tech and life science startups.
Reliam Adds G2 Tech Group, Plans Rebrand; Tinder Developing More Specific Location Feature; FreedomPop Launches New Cellphone Service
South Bay-based cloud computing service provider Reliam announced May 23 the acquisition of Boston-based G2 Tech Group for an undisclosed sum.
Upfront, Pritzker Among Openpath Backers; SpaceX Launch (Mostly) a Success; and Santa Monica’s Halogen Part of TheSkimm’s $12 Million Raise
SpaceX Readies Next Falcon 9 Launch; More Competition for Bird; Core Innovation Backs $8 Million Crypto Raise.
Elon Musk revealed more details about his Boring Co. project; mobile game developer Gamelynx announced a $1.2 million raise to create a competitive e-sports game; venture capital firm Upfront Ventures continued to back Irvine-based Cloudvirga.
L.A.’s wealthiest spend big bucks on high-profile properties, projects
Toys, teams and projects of the mega-rich.
biozol buy is third life sciences deal for PE firm in last two weeks
StoneCalibre continues deal streak.
Sets up second office, gets another high-profile sign on downtown’s skyline
Skyline addition for City National’s downtown profile.
Monogram Capital raises $152 million with eye on consumer products
Monogram Capital Partners raises $152 million with focus on branded goods.
$117M First American deal gives bank East Coast outpost
RBB Bancorp puts down roots in New York with First American acquisition.
Blockchain firm unveils consumer-facing app for cryptocurrency traders
Gem’s new cryptocurrency platform helps users track and trade their holdings.
Investment in 20-year-old San Diego company comes out of new $3.6 billion fund
Clearlake takes stake in Lytx; Provenance buys into men's brand Knot Standard.
Parent buys digital pub, seeks reverse merger, plans Reg A offering
High Times is buying Green Rush Daily to merge cannabis lifestyle publications.
West L.A.-based High Times Holding Corp. – the parent company of cannabis lifestyle magazine High Times – plans to purchase Green Rush Daily Inc. of New York for a cash and stock package worth an estimated $6.9 million, according to documents filed with the Securities and Exchange Commission.
Firm closes $3.6 billion fund on heels of strong growth in 2017 deal volume
Clearlake Capital Group reels in largest fund to date.
Details in a provision of the new tax law bring likely benefits but also confusion.
Peron arrives from EVP post at Northern Trust; year-long investment chief search ends.
New CIO for City National Rochdale
Pritzkers team up with Venice venture firm for $15M Series A
Pritzker Group, Fifth Wall join forces in $15 million Series B round for furniture maker Interior Define.
Three deals, six institutions involved Los Angeles, San Diego, Inland Empire
There’s been a flurry of consolidation among Southern California’s small regional banks recently.
Bank of SoCal to add Americas United’s $235 million in assets
Bank of Southern California expands into L.A. market with $44 million Americas United Bank pick up.
Joins with homebuilder Lennar Corp. on $135M Open Door deal
Fifth wall continues push.
Greif helps broker deal for integrated thermal systems manufacturer
The Los Angeles Times is now officially a union paper, and its publisher might be on the way out after a lurid report of sexual harassment and misconduct while with prior companies.
Laker legend key player in another L.A. sports renaissance
This week we bring you additional coverage of two of the pillars of the one of the most-storied and valuable franchises in all of professional sports – the Los Angeles Lakers. Magic Johnson became a legend on the basketball court and now aims to bring a winning touch to the team as the president of basketball operations for the Lakers.
Transom Capital closes new $300 million fund, sells portfolio business to Icahn
Transom Capital Group rings in the New Year with $300-million fund.
Former Ares execs Stein, Rahemtulla top initial target of $450 million in first go
Bruss Brings Experience on “How to Use Partnerships to Drive Business Results”
2018 Book of Lists
Q & A with Magic Johnson, Magic Johnson, Los Angeles Lakers, Magic Johnson Enterprises, Los Angeles Dodgers, Los Angeles Sparks, Los Angeles Football Club
Gross-led solar power company topped L.A. with $861,000 in November
Regulation crowdfunding continues apace.
NSBN latest professional services firm to make move amid generational shift
NSBN in Century City will be absorbed Jan. 1 by Minneapolis-based CliftonLarsonAllen, according to the local accounting firm’s Managing Partner Ken Miles.
Beverly Hills private equity firm adds magazine to media portfolio
Regent adds to media portfolio with Sunset magazine.
Unaccredited investors more inclined to back female founders
Regulation crowdfunding continues to push forward, with close to $70 million raised by nearly 700 companies from unaccredited investors since the Securities and Exchange Commission greenlit the practice in May 2016.
Santa Monica private equity firm Clearlake Capital Group led a $65 million investment round for MetricStream Inc. of Palo Alto.
B. Riley Financial Inc. said it would pay $143 million to purchase internet voice call service magicJack VocalTec Ltd.
$143 million bolt-on deal latest for publicly traded investment bank
B. Riley Financial Inc. announced last week it would pay $143 million to purchase internet voice call service magicJack VocalTec Ltd.
Cathay General Bancorp’s acquisition of SinoPac Bancorp was completed late last month, with the two companies’ public-facing banking operations – Cathay Bank and Far East National Bank – merging under Cathay’s banner.
Republicans’ plan to overhaul taxes boon for some, bad news for others.
The Republican-controlled U.S. House of Representatives unveiled its anticipated tax legislation last week, with mixed reviews over the bill’s business benefits.