L.A. County’s unemployment rate held steady at 4.5% in July.
Pasadena-based L.A. Financial Credit Union has agreed to merge into the Ventura County Credit Union, creating an institution with $1.3 billion in assets and serving 120,000 members in California and Arizona.
West Los Angeles-based Crescent Capital BDC, a business development company focused on originating and investing in debt of private companies, has purchased Alcentra Capital for $142 million in cash and stock.
Boxwood Merger Corp., which raised $200 million in a public offering in November, has purchased an Austin, Texas-based professional and technical services business that could capture future federal dollars for infrastructure development.
A portfolio company of Beverly Hills-based private equity firm Platinum Equity has paid $1.9 billion to buy Wesco Aircraft Holdings Inc., a Valencia-based aerospace parts and supply chain services provider.
Colony Capital Inc., a downtown-based real estate investment firm undergoing a difficult turnaround following its acquisition of NorthStar asset management and realty finance in early 2017, saw wider losses in its second quarter.
Beverly Hills-based private equity firm Regent, which last month acquired French cycling company Mavic from Amer Sports, has purchased the North America cycling business of Dutch-based Accell Group.
Manhattan Beach-based private equity firm Lovell Minnick Partners has sold its position in Worldwide Facilities, a downtown-based wholesale insurance brokerage.
Century City-based Lido Advisors purchased a Maryland wealth advisory business as it pushes to build out its national footprint.
Beverly Hills-based City National Bank has purchased FilmTrack Inc., a Studio City-based company that tracks payments, contracts and a range of other financial transactions for the entertainment and media industries.
FINANCE: Sip & Sonder builds businesses, community
Inglewood’s Sip & Sonder offers a hub or networking with venture investors — and a strong cup of coffee.
M&A advisory firm helps internet-born brands to grow
Sage Group launches a new practice to help internet-born brands grow.
FINANCE: Firm announces $800M worth of investments in energy, communications
Thomas Barrack steps aside as Colony Capital makes major investments.
Christopher Myers, president and chief executive officer of CVB Financial Corp., the Ontario-based parent of Citizens Business Bank, plans to retire effective March 15, 2020.
Century City-based private equity firm Ares Management Corp. has invested in Cooper’s Hawk Winery & Restaurants of Illinois, a top wine club and restaurant group, taking over a minority position.