Acquisition: Fullscreen Inc., a Culver City-based YouTube network, has acquired ScrewAttack, a Dallas video game-focused media company. The acquisition boosts Fullscreen’s presence in the video-game industry news and entertainment space. Financial terms of the deal were not disclosed.
WEST LOS ANGELES
Venture Capital: SOA Software Inc., a West L.A. provider of a range of business software products, has received $10 million in venture debt financing from Wellington Financial, a Toronto investment firm. SOA will use the money for general corporate purposes.
SAN FERNANDO VALLEY
College Gift: California State University, Northridge has named its business school after David Nazarian following a gift of $10 million by the L.A. investor. Nazarian, founder and chief executive of Century City’s Nimes Capital, graduated from CSUN with a bachelor’s in business administration in 1982. The school will be named the David Nazarian College of Business and Economics. The university also announced the $10 million gift will form the seed money for a $25 million fundraising campaign for the business school.
Michigan Acquisition: North Hollywood’s IPC the Hospitalist Co., which owns doctor groups that provide hospital services, has purchased Hospitalists of Michigan, an acute-care doctors group in Warren. The deal will bring about 18,000 acute patient visits a year to IPC. Financial terms of the deal were not disclosed.
Shot in Arm: Apollo Medical Holdings Inc., a Glendale company that provides doctor services to hospitals, has secured up to $12 million in capital from Fresenius Medical Care North America, a chain of dialysis clinics in Waltham, Mass. Fresenius will buy 2 million shares of Apollo stock for $1 each. It also will provide $8 million in loans and revolving credit as well as buy $2 million in convertible notes.
Branched Out: Glendale’s Americas United Bank has completed its purchase of the deposits and branch office of San Diego’s Silvergate Bank in Lancaster. The acquisition gives Americas United a third location after its headquarters in Glendale and a branch site in Downey. The Lancaster branch, at 539 West Lancaster Blvd., came with $46 million in deposits. Financial terms of the deal were not disclosed.
SAN GABRIEL VALLEY
Retail Property: Homi Holdings has acquired a San Dimas retail building for $4.8 million from R&N Partners. The 21,016-square-foot storefront, at 702-762 W. Arrow Highway, was built in 1988 and 100 percent leased at time of sale.
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