Mag Move: Diversis Capital, a Santa Monica investment firm has acquired New York lifestyle magazine Nylon. The deal includes Nylon, Nylon Guys Magazine, Nylon TV, Nylon’s international editions as well as branded social media properties. Financial terms of the deal were not disclosed.
Funding Raised: SmartyPants Vitamins, an online vitamin retailer based in Venice, has secured $2.2 million in funding from a pool of private investors through San Francisco’s CircleUp, a San Francisco crowdfunding site that connects investors with startups in the retail and consumer products industries. SmartyPants said it would apply the capital to developing new products and hiring more staff.
SOUTH LOS ANGELES
Trojan Gift: Alumnus Michael R.B. Uytengsu has donated $4 million to USC’s Marshall School of Business to create the Michael R.B. Uytengsu Endowed Scholarship Fund. In addition, the first floor of Jill and Frank Fertitta Hall, the future home of Marshall’s undergraduate program will be named for Uytengsu, who made his money in the snack food industry.
Office Property: Beverly Hills real estate firm Koar has acquired a Hollywood creative office building for $14.6 million from Brentwood Capital Partners, a Santa Monica real estate company. The 48,925-square-foot Citizen News Building, at 1545 Wilcox Ave., was built in 1930 and renovated in 2006. The property was 93 percent leased at the time of sale to a mix of tenants including Larson Studios and Partizan Entertainment.
SAN FERNANDO VALLEY
Powering Up: Capstone Turbine Corp., a Chatsworth maker of small turbines that run on natural gas, diesel and other fuels, has announced an offering of 18.8 million shares to an undisclosed institutional investor that will raise $30.2 million. Capstone will use the proceeds for working capital and other general corporate purposes.
Getting in Games: CrowdGather Inc., a Woodland Hills operator of online forums, has acquired Boston social-gaming company Plaor for $5 million. CrowdGather and subsidiary Plaor Acquisition Corp. plan to merge with Plaor. CrowdGather also said it would sell off some of its forum sites for about $1.9 million for working capital to promote Plaor games among its forum users.
Paper Chase: Research Solutions Inc., an Encino document-finding company with a focus on scientific, technical and medical content, has acquired the assets of French competitor Frontere through Research Solutions’ wholly owned French subsidiary Techniques Appliquees aux Arts Graphiques. Frontere was purchased for about $145 million.
Taking Wing: Pasadena’s Jacobs Engineering Group has been selected by Boeing Co. to provide project and construction management service for the construction of the aerospace’s giant’s new fabrication facility in Everett, Wash. Jacobs will be working on a 1.2 million-square-foot composite wing center for Boeing’s 777X jet airliner.
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