Pat Maio

Reporter (Finance)

Phone: 323-556-8329

Recent Stories

Fuse Media Files for Bankruptcy, Hopes to Reduce Debt by $200M

Fuse Media Inc., a privately held television broadcasting company based in Glendale, filed for bankruptcy earlier this week in an effort to reduce its debt by some $200 million.

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Blank-Check Firms Ride Market

FINANCE: LA a hotbed for SPACs, deal-makers

L.A.’s flurry of blank-check offerings continues into 2019.

Platinum Equity, Gores Group Sell IT Company

NY firm acquires Data Blue, which provides cloud and computer services

Platinum Equity, Gores Group sell information technology company.

CBB Bancorp Extends Employment Contract for CEO Joanne Kim

Koreatown’s CBB Bancorp Inc., parent of Commonwealth Business Bank, entered into a new employment contract with Joanne Kim, who has served as president and chief executive officer over the past eight years.

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Private Equity Firms Platinum, Gores Group, Sell Data Blue to Court Square Capital Partners

Beverly Hills-based private equity firms Platinum Equity and the Gores Group agreed to sell Data Blue, an Atlanta-based provider of information technology services, to Court Square Capital Partners.

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Integrated Capital Raises $30M for Debut Fund

Disney family’s Shamrock Holdings provided seed money for early investments

Integrated Capital raises funds from Disney family’s investment vehicle.

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Preferred Finds Local Profits

FINANCE: Bank leads on equity return, data shows

Preferred Bank takes road less traveled.

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ManifestSeven Merges With P&P Ventures, Moves Closer to Public Listing

Commerce-based ManifestSeven, formerly known as MJIC Inc., a cannabis logistics company building a network of distribution hubs in California, has agreed to merge with a unit of P&P Ventures Inc.

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Hanmi Chairman Joseph Rho to Retire in May

Koreatown-based Hanmi Financial Corp., parent of Hanmi Bank, announced the retirement of Joseph Rho, its chairman of the board of directors, effective when his term expires at the annual meeting of stockholders in May 2019.

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B. Riley FBR to Begin Trading Blank Check IPO

Santa Monica-based B. Riley FBR has formed a “blank check company,” to be called B. Riley Principal Merger Corp., scheduled to begin trading April 8.

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