Pat Maio

Reporter (Finance)

Phone: 323-556-8329

Recent Stories

NMS Capital Group Sells Stake in Banking Unit, Saliba Stepping Down

Beverly Hills-based NMS Capital Group, a private equity, merchant banking and advisory firm, has agreed to sell all equity and rights to NMS Capital Advisors, which is made up of private investors.

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Madera Raises $20.9M From Breakwater

Company plans to expand restaurant chains

Expansion in the cards for Madera Group after $20.9M funding round.

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Hanmi Harbinger: Texas Deal Collapse has Ethnic Bank Rethinking Growth Plans

Banking & Finance Special Report

Hanmi banking on Texas for growth.

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Asset Outflows for LA Funds

October data shows dip for money managers

Market volatility giving some the jitters.

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Landec Corp. Spends $80M On Yucatan Foods

Fresh-food co. plans growth with ramped up production from Yucatan’s new facility

Delicious deal as Landec buys guacamole-maker.

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Nuorder Lands $15M Series C

Los Angeles-based NuOrder Inc., a business-to-business wholesale e-commerce platform, closed on a $15 million Series C financing round.

MedMen Names Former Apple Retail Executive as New CFO

MedMen Enterprises Inc., a cannabis company based in Culver City, has named veteran finance executive Michael W. Kramer as its chief financial officer, nearly three weeks after his predecessor abruptly resigned from his post.

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NuOrder Closes on $15M Investment

Company plans to to grow B2B platform between businesses

Los Angeles-based NuOrder, a B2B wholesale e-commerce platform, closed on a $15 million Series C financing round, led by Radnor, Pa.-based venture capital firm NewSpring and joined by existing investors Upfront Ventures of Santa Monica and Argentum of New York City.

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L.A.-Based Platinum Equity’s Vertiv Buys MEMS Power Maintenance Business

Los Angeles private equity firm Platinum Equity announced that its portfolio company Vertiv completed the purchase of the maintenance business of MEMS Power Generation, a privately-owned company headquartered in the United Kingdom that specializes in temporary power solutions.

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Landec Acquires Guacamole Maker Yucatan Foods for $80M

Los Angeles-based guacamole company Yucatan Foods was acquired by fresh food firm Landec Corp for $80 million in a move that bolsters the California firm’s natural foods market position.

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