B. Riley Financial Inc. has acquired independent investment bank FocalPoint Securities for $175 million.
Los Angeles County’s unemployment rate fell to 8.4% in December from 8.9% in November and 9.4% in October amid robust hiring.
The parent company of Creative Artists Agency and DirecTV set the price of its initial public offering with 33.9 million shares of Class A common stock at $29.50 per share.
Buoyed by the city’s position as a global leader in finance and technology, publicly traded companies in Los Angeles in 2021 maintained the previous year’s strong performance though, overall, it did not show the same gains as major market indexes.
Dave Inc., a West Hollywood-based fintech and banking app company aimed at “leveling the financial playing field,” will go public on the Nasdaq under the tickers DAVE and DAVEW in early 2022.
A West Hollywood-based fintech announced the launch of a banking program Dec. 20 aimed at building Hispanic wealth through stakes in the crypto sector.
Westlake-based RBB Bancorp announced its entry into the San Francisco Bay Area Dec. 28 with the purchase of Gateway Bank F.S.B. in Oakland, a deal valued at approximately $22.9 million.
Los Angeles County’s unemployment rate fell to 8.9% in November from 9.4% in October amid a hiring surge that saw employers in the county add 43,000 payroll jobs.
Spurred by peers occasionally hitting jackpots, Hollywood talent has been diversifying into entrepreneurial side ventures in which, in a new twist, their business managers and lawyers take frontline roles.
Century City-based Ares Management Corp. announced the final closing of its Senior Direct Lending Fund II Dec. 13 with an anticipated $14 billion total capital base, including expected leverage.
Scott Painter, a prolific entrepreneur whose portfolio of current and past ventures include Santa Monica-based NextCar Holding Co. Inc., Fair Financial Corp. and TrueCar Inc., and El Segundo-based CarsDirect.com, is at it again.
Oaktree Acquisition Corp. II will merge with Alvotech Holdings, a global biopharmaceutical company, to take the company public in the United States.
Tis the season for final planning, budget projections and preparations for the year ahead.
Projects interrupted by Covid-19, supply chain delays or other issues are set to be completed next year and could significantly change the way people move through and do business in L.A. County.
The fastest growing private companies in L.A. County have shown tremendous gains, not just in their revenue but also in how they innovate in their industries.