DOWNTOWN LOS ANGELES
Consultancy Pickup: CBRE Group Inc., a downtown L.A.-based real estate services company, has completed its acquisition of Valteq Gesellschaft, a Berlin real estate consulting firm. CBRE said Valteq’s roughly 60 civil engineers, architects, economists, geologists and other professionals will be integrated into CBRE’s building consultancy group in Germany and across Europe. Financial terms of the deal were not disclosed.
Overseas Edit: Hulu, the video-streaming service owned jointly by 21st Century Fox, Walt Disney Co. and NBCUniversal, has signed a definitive agreement to sell its Japan business to Tokyo’s Nippon Television Network Corp. The deal, subject to regulatory approval, is expected to close in spring. Financial terms of the deal were not disclosed.
New Handle: BermanBraun, a Santa Monica entertainment production company, has changed its name to Whalerock Industries. Lloyd Braun, who co-founded the company with Gail Berman in 2007, bought out Berman in January.
Italian Market: Lions Gate Entertainment Corp., a Santa Monica film producer and distributor, has reached a distribution deal for Italy’s market with Leone Film Group, a Rome movie distributor. Italy was one of the remaining major markets where Lions Gate did not have a distribution agreement.
Series A: Bitium, a Santa Monica maker of products to help companies manage passwords, has raised $6.5 million in a series A round. Polaris Partners of Waltham, Mass., led the round. Managing Partner Dave Barrett will join Bitium’s board. Local accelerator Amplify LA took part in the round as well.
Office Property: Samuel Goldwyn Foundation has sold a Westwood office building for $6.4 million to a private investor. The two-story, 21,302-square-foot property at 11110 Ohio Ave. sits on a one-third-acre plot.
On Track: Pasadena’s Jacobs Engineering Group Inc. has been awarded a contract to continue providing intelligent transportation design and support services for the Pennsylvania Department of Transportation. Jacobs has been providing those services to the department since 2008. The value of the contract was not disclosed.
Linked Up: Karelia Software, a Pasadena company that makes software for Apple Inc. products, has acquired Potion Factory, an L.A. maker of apps for Apple’s iOS operating system. Potion Factory’s developers, including company founder Andy Kim, will join Karelia. Financial terms of the deal were not disclosed.
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