CENTRAL AREA
HOLLYWOOD
Hooked Up: J2 Global Inc., a Hollywood Internet services and media company, has acquired Critical Software Ltd., a Staffordshire, England, email security and management company operating under the brand name iCriticalTM. The acquisition expands J2’s U.K. and European email business. Financial terms of the deal were not disclosed.
Apartments Acquired: Vista Investment Group has sold a Hollywood multifamily property for $14.8 million to the Sabet Group. The six-story Whitley House Apartments building, at 1947-1975 N. Cahuenga Blvd., was originally a hotel built in 1925.
SOUTH LOS ANGELES
Real Estate Education: USC’s Marshall School of Business is establishing the William J. McMorrow Global Real Estate Program after a substantial gift from McMorrow, chief executive of Beverly Hills real estate company Kennedy Wilson. McMorrow earned his bachelor’s and M.B.A. at USC. The size of the donation was not disclosed.
LOS FELIZ
Building Honor: Children’s Hospital Los Angeles has unveiled the Joyce and Stanley Black Family Building in honor of the family’s $15 million gift to the Los Feliz hospital. Stanley Black is co-founder of Black Equities Group, a Beverly Hills real estate investment company. The Black building used to be the campus’ Gateway Building.
WESTSIDE
WESTWOOD
Revved Up: Gores Group, a Westwood investment firm, has invested in the Tweddle Group, a Clinton Township, Mich.-based provider of technology and publishing services for automotive original equipment manufacturers and suppliers. The investment will be used to expand Tweddle’s market presence. The amount was not disclosed. An original equipment manufacturer makes products and sells them to another company that retails them under the purchasing company’s brand name.
SANTA MONICA
IPO Filing: TrueCar, the operator of an automotive-shopping website, has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Done Deal: HandsOn3, a Santa Monica buyout firm, and Dallas’ Delos Capital Management have completed the acquisition of BancTec Inc., a Dallas firm that provides financial transaction automation and document management services to companies. HandsOn3 will combine BancTec with its business process outsourcing company, Dataforce Group. Financial terms of the deal were not disclosed.
BEVERLY HILLS
Tech Sale: Levine Leichtman Capital Partners, a Beverly Hills investment firm, has sold Luminator Technology Group to Audax Group, a Boston investment firm. Luminator makes engineered display, lighting and passenger communication systems. Financial terms of the deal for the Plano, Texas, company were not disclosed.
TRI-CITIES
GLENDALE
Gambling Gain: Gamblit Gaming, a Glendale developer of online gambling software, has raised $12 million in financing from American Capital Strategies, a Bethesda, Md., private equity firm. Gamblit will use the money to launch its software, to be used by mobile and Web game makers to add real-time gambling functions.
