L.A. County’s economic recovery continued in March as employers added 34,000 jobs and the unemployment rate dipped again.
Long Beach-based Farmers & Merchants Bank said profit grew roughly 41% in the first quarter versus the same period a year earlier.
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Century City-based private equity firm OpenGate Capital has agreed to sell a division of portfolio company SMAC, a global manufacturer of waterproofing and building envelopes.
Indoor entertainment and sports venues in Los Angeles County may have a green light from the state to reopen to the public on April 15, but it could be a while before many building owners and operators welcome fans back.
Century City-based private equity firm OpenGate Capital has purchased Kongsberg Precision Cutting Systems from Esko-Graphics.
El Segundo-based 3PL Central, a warehouse management software provider that has seen skyrocketing sales during the Covid-19 pandemic, last week raised $45 million in financing.
Santa Monica-based private equity firm Sole Source Capital agreed to purchase two manufacturers that specialize in automatic identification, data capture and factory automation.
Ares Management raised more than $1.7 billion to target distressed real estate opportunities.
Former Disney CEO Michael Eisner plans to take trading card company Topps Co. public through a SPAC.
After three months of job losses during a devastating surge in Covid-19 cases, Los Angeles County’s economy finally perked up in February.
Ares Management Corp., a Century City-based alternative asset manager, agreed to buy Landmark Partners from BrightSphere Investment Group Inc. in a $1.1 billion deal, the firms announced March 31.
Amid one of the most tumultuous years in recent economic history, Los Angeles companies managed to land $9 billion in venture capital funding in 2020.
Private equity shops, alternative asset managers and other investment firms seem to be dividing into a world of Davids and Goliaths when it comes to investing in SPACs, or special purpose acquisition companies.
Private equity ties have paid off for Jamey Edwards, chief executive of Cloudbreak Health.