FINANCE

Dave Inc. to Merge With SPAC in $4 Billion Deal

Mid-Wilshire-based banking app developer Dave Inc. plans to go public through a merger with a Chicago-based special purpose acquisition company that gives the fintech a $4 billion valuation.

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Fitted Medical Scrubs-Makers Figs, Jaanuu Raise Profile, Funds

Silicon Beach is bringing a high-end fashion look to the world of baggy medical clothing.

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2021 Executive Compensation Special Report

The effects of Covid-19 rippled through the economy and into many C-suites. The Business Journal's annual look at executive pay reflects the impact of events over the past year.

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Sole Source Acquires Plastic Film Manufacturer

Private equity firm Sole Source Capital has agreed to buy a manufacturer of high-strength polyethylene film.

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Leonard Green To Take Mister Car Wash Public

Mister Car Wash Inc., which was acquired by private equity firm Leonard Green & Partners in 2014, filed plans to become a publicly traded company.

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Battle Motors Launches Nationwide EV Charging Network

EV manufacturer Battle Motors Inc. is partnering with PositivEnergy to install charging stations across North America.

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Leonard Green Receives OK to Sell Rhode Island Hospitals

Private equity giant Leonard Green received conditional approval to sell two Providence, R.I.-based hospitals.

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LA500: Celebrating the Leaders Who Continue to Drive the City Forward

L.A.’s business community responded with creativity and compassion to the unprecedented events of the past year and now looks ahead with a fresh outlook.

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Cathay CEO Liu Helps Businesses, Community

When Chang Liu was named president and chief executive of Cathay General Bancorp in October, he wasn’t just facing challenges caused by Covid-19.

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Local Bankers Add Support to Asian American Community

Local banking executives have raised concern about hate crimes in the Asian American community.

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Angeles Equity, Clearlake Capital Unload Lumber Business

Santa Monica-based private equity firms Angeles Equity Partners and Clearlake Capital Group have agreed to sell their lumber and building material business.

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Audience Measurement Company VideoAmp Raises $75 Million

VideoAmp Inc., a Sawtelle-based advertising software and data firm that aspires to become the next Nielsen Corp., has raised $75 million in debt financing.

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VamosVentures Raises $50 Million Fund for Minority-Led Businesses

VamosVentures, a downtown-based seed-stage venture fund, has raised $50 million to address the gap in access to growth capital for minority-led businesses.

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Cathay Bank Buys 10 HSBC Branches in California

Chinatown-based Cathay General Bancorp, the parent of $19 billion-in-asset Cathay Bank, agreed to buy 10 branches of HSBC Bank USA in California.

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3 Silicon Beach Companies Go Public This Week

Three companies based in Silicon Beach are going public this week, joining a wave of recent offerings on major stock exchanges.

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