Audio Hookup: Agoura Hills digital technology company DTS Inc. has acquired Washington state audio technology firm Neural Audio in a deal worth $7.5 million. Neural Audio, of Kirkland, Wash., licenses technology used in the creation, distribution and playback of music, movies, broadcast programs and video games.
Giving Credit: The non-profit Valley Economic Development Center has received a $1 million credit line from Merrill Lynch to support micro- and small businesses in California. In addition, the VEDC will receive a $50,000 grant to develop a simplified loan underwriting program.
Office Space: The Los Angeles Housing Authority has purchased a Van Nuys office property for $3.5 million from Kept LLC. The 22,156-square-foot building is at 6946 Van Nuys Blvd.
Energizing Deal: Chatsworth-based Capstone Turbine Corp., a microturbine manufacturer, has sold a liquid natural gas system to Spanish textile manufacturer Antex, which operates eight industrial plants in Spain and one in Brazil. Terms of the deal were not disclosed.
Capital Infusion: El Segundo-based Manhattan Bancorp, the holding company of Bank of Manhattan, has received $13.7 million in additional capital from the second and final installment of a stock purchase agreement with Carpenter Fund Manager GP LLC. In the May 2008 agreement, Carpenter agreed to buy 1.5 million shares of Manhattan's authorized but unissued shares at $10 per share.
Taking Flight: Ducommun AeroStructures Inc., a subsidiary of Carson-based aerospace and defense engineering and manufacturing business Ducommun Inc., has been awarded follow-on contracts from Boeing Co. to produce AH64 Apache helicopter tail and main rotor blades. The blades will be manufactured at Ducommun AeroStructures' Monrovia facility.
Stepping Out: Skechers USA, a Manhattan Beach-based shoe maker, has reached a licensing agreement with New York-based Adjmi Apparel Group. Under terms of the agreement, Adjmi will design a Skechers-branded apparel line for boys and girls.
WEST LOS ANGELES
Grabbing Hold: Bellator Fighting Championships, a mixed martial arts
tournament promoter, has added Hector "Shango" Lombard, a former member of the Cuban Olympic judo team, and Lyman Good, an undefeated middleweight to its roster. ESPN Deportes will televise Bellator's first season of competition, which will debut April 4.
In the Air: Boingo Wireless Inc., a Santa Monica-based Wi-Fi services business, has reached a deal with Internet phone company Skype to allow Skype customers to access Boingo's 100,000 Wi-Fi hotspots worldwide. The deal also will allow Skype customers to pay using the Skype Credit service.
Digital Delivery: Ascent Media Group LLC, a Santa Monica digital distribution technology firm, has formed a team with Akamai Technologies Inc. and Sofatronic on BD Live, a digital platform for the creation and distribution of Blu-ray disc content. Akamai is a digital content distribution company based in Cambridge, Mass. Sofatronic is a Hamburg, Germany-based developer of interactive TV technology.
Revved Up: Nowcom, a Hancock Park business that provides management software to auto dealers, has reached a deal to add Experian Automotive's AutoCheck vehicle history reporting service to Nowcom's Dealer Desktop software. Experian Automotive is a unit of Experian, a Costa Mesa information services business.
Healthy Pickup: Valencia-based health center operator U.S. HealthWorks Medical Group has acquired First Care Occupational Medical Group of Valencia. U.S. Prior to the acquisition, HealthWorks operated 119 occupational health centers in the United States. Terms of the deal were not disclosed.
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