FINANCE

Nolan Capital Acquires Paramount Water Treatment Contractor Apollo Technologies

Hermosa Beach-based Nolan Capital Inc., the family office of prominent private equity executive Peter Nolan, announced last week it has acquired Paramount-based water treatment services contractor Apollo Technologies Inc. for an undisclosed sum.

Leonard Green-Backed Life Time Files for IPO

Leonard Green could raise up to $93.3 million in the IPO.

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When Scammers Go Phishing, They Hope to Reel In You and Your Business Data

There’s an old expression: “fishing for information.” It means that a person is trying to pry information from you indirectly. In today’s world, that old saying has been updated and modified.

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Competition, Consolidation Heats Up Among Wealth Advisors

It’s turning out to be a battle extraordinaire in Los Angeles as advisers to the super rich are consolidating their industry.

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Levine Leichtman Raises $1.4 Billion Fund

Leichtman Capital Partners closed on an oversubscribed fund with $1.38 billion in capital commitments to help fuel acquisitions of medium-sized businesses.

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Valley National Bancorp Buys Bank Leumi USA

Valley National and Bank Leumi will have a combined $1.1 billion in assets in Los Angeles County.

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US Bancorp to Buy Union Bank in $8 Billion Deal

The deal creates a behemoth banking operation in Los Angeles County.

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Diversis Reaches Milestone $1 Billion Assets Under Management

Diversis Capital Management in now part of an exclusive club of Los Angeles firms with assets under management of more than $1 billion.

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Fika Ventures Raises $195 Million for Tech Investments

Fika Ventures will direct the funds toward seed investments in software, fintech, marketplaces and health care IT.

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Wall Street Embraces LA Companies Shaking Up the Financial System

Local fintech companies are moving payments and conducting financial transactions at lightning-fast speeds.

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Jason Wilk on Launching Fintech Dave Inc.

The LABJ Interview

The tech founder talks about his relationship with Mark Cuban and Dave's plans to IPO.

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LA County Unemployment Rate Drops to 10.1%

But the county still has a long way to go to reach pre-pandemic payroll job levels.

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Corridor Capital Buys Health Care Marketing Firm

A portfolio company of Sawtelle-based Corridor Capital has acquired a health care marketing services business.

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Levine Leichtman Buys Walden Behavioral Care

With its purchase of Walden, Levine Leichtman seems to have reversed a trend of selling businesses.

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Wavemaker 360 Sells Portfolio Company Ciitizen in $325 Million Deal

Wavemaker Three-Sixty Health, a Pasadena-based health care venture capital investor, has exited its portfolio company Ciitizen Corp., a patient-centric consumer health tech company.