DOWNTOWN LOS ANGELES
Mideast Move: Aecom Technology Corp., a downtown L.A.-based provider of engineering and technical services, has been awarded a $21 million, three-year contract to provide consultancy services for an educational building program of Tatweer Buildings Co., a subsidiary of Saudi Arabia-owned Tatweer Holding Co. Aecom will support the program to deliver 2,100 educational facilities throughout Saudi Arabia.
Church Deal: A trust controlled by Brea’s Evangelical Christian Credit Union has sold a downtown L.A. religious campus for $27.8 million to New York’s Universal Church. The 97,397-square-foot church campus, at 1925 Wilshire Blvd., features a worship complex and an older administration building originally constructed in 1934.
Series D: EdgeCast, a Santa Monica maker of technology that delivers Web content from servers to a personal computer screen, has raised $54 million in a series D funding round. The equity and debt investment was led by Performance Equity Management LLC, a Greenwich, Conn., private equity firm. The equity portion of the financing was augmented with a debt facility from Silicon Valley Bank.
Seed Funding: Panjo, a Santa Monica online marketplace for auto, sports and hobby enthusiasts, has secured $1.6 million in seed funding, in a round led by Spark Capital, a Boston venture capital firm. Panjo, an alumnus of Santa Monica accelerator MuckerLab, will use the money to expand its enthusiast network and on creation of a mobile app.
WEST LOS ANGELES
New Outpost: Messner Reeves LLP, a Denver-based business law firm, has opened an office in West Los Angeles. The new outpost is at 11620 Wilshire Blvd. The office will be led by veteran Messner Reeves attorneys.
Sound Agreement: Transom Capital Group LLC, a Century City private equity firm, has sold microphone maker Baltic Latvian Universal Electronics LLC to Riverside Co., a New York private equity firm. The deal for Westlake Village’s Baltic Latvian Universal Electronics, which does business as Blue Microphones, marks the first exit from Transom’s Capital Fund I. Financial terms of the deal were not disclosed.
SAN FERNANDO VALLEY
Taking Off: National Technical Systems Inc., a Calabasas engineering services company, has won a contract to design and build test equipment for components used on the Airbus A350 passenger jet from Rockwell Collins Inc., a Cedar Rapids, Iowa, aviation electronics company. National Technical will fabricate and build specialized equipment and a custom test stand for use on components in the tail of the A350 to balance the aircraft. Financial terms of the deal were not disclosed.
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