Plastic Support: Cereplast Inc., an El Segundo maker of bio-based plastics, has raised $12 million through a private placement of stock with several institutional investors. Cereplast expects net proceeds of $11 million, which it will use to grow in Europe.
DOWNTOWN LOS ANGELES
African Project: Aecom Technology Corp., a downtown L.A.-based technical and management support services firm, has been awarded a $13.4 million contract from the Democratic Republic of Congo for a feasibility study on a hydroelectricity site. Aecom will be working in partnership with Electricite de France on the proposed Grand Inga site on the Congo River.
New Outpost: RBF Consulting, an Irvine-based civil engineering firm, has opened an office in downtown Los Angeles. The location, at 801 S. Grand Ave., will be overseen by Executive Vice President Michael Rudinica.
Legal Move: The Los Angeles office of Knobbe Martens Olson & Bear LLP, an Irvine-based intellectual property law firm, has moved to a new office in Century City. The new address is 10100 Santa Monica Blvd. Knobbe Martens’ previous L.A. office was also in Century City, at 1901 Avenue of the Stars.
SAN FERNANDO VALLEY
Insurance Stake: Breckenridge Insurance Services Inc., a New York-based specialty insurance underwriter, has acquired a majority stake in Recentis Intermediaries LLC, a Westlake Village specialty reinsurance broker. Recentis executives said the deal will expand Recentis’ client base. Financial terms of the deal were not disclosed.
Medical Growth: Healthcare of Today Inc., a Burbank-based holding company, is acquiring Physician Hospital System, a northern Indiana network of health care facilities. Financial terms of the deal were not disclosed.
Checking In: ProMax Systems Inc., an Irvine media technology company, will be expanding to Burbank. ProMax plans a March opening for the office, at 4011 W. Magnolia Blvd. The new outpost will be ProMax’s only other office besides its Irvine headquarters.
Curtain-Raiser: Film Fresh Inc., an Eagle Rock-based distributor of films for online download, has obtained $2 million in equity investment from a private group. The money will go to expansion of the company’s services.
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