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Recent Stories

Colony Capital Plots Revival

FINANCE: Investment firm will sell assets, shift strategy

INVESTORS After missteps, Colony Capital Inc. is selling assets and overhauling its strategy in a turnaround effort.

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LA Financial Credit Union to Merge with Ventura County Credit Union

Pasadena-based L.A. Financial Credit Union has agreed to merge into the Ventura County Credit Union, creating an institution with $1.3 billion in assets and serving 120,000 members in California and Arizona.

Crescent Capital BDC Buys Alcentra Capital for $142 Million

West Los Angeles-based Crescent Capital BDC, a business development company focused on originating and investing in debt of private companies, has purchased Alcentra Capital for $142 million in cash and stock.

Boxwood Merger Corp. Buys Austin-Based Atlas Intermediate Holdings

Boxwood Merger Corp., which raised $200 million in a public offering in November, has purchased an Austin, Texas-based professional and technical services business that could capture future federal dollars for infrastructure development.

Nedl, Nurtured at Sip & Sonder, Pitches Mark Cuban

Ayinde Alakoye, co-founder of Santa Monica mobile radio app Nedl, is looking to capitalize on the growing podcast market.

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Platinum Equity Buys Wesco Aircraft for $2B

A portfolio company of Beverly Hills-based private equity firm Platinum Equity has paid $1.9 billion to buy Wesco Aircraft Holdings Inc., a Valencia-based aerospace parts and supply chain services provider.

Colony Capital Sees Losses Widen in Second Quarter, Plans to Sell Industrial Unit

Colony Capital Inc., a downtown-based real estate investment firm undergoing a difficult turnaround following its acquisition of NorthStar asset management and realty finance in early 2017, saw wider losses in its second quarter.

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Entertainment Payroll Company to Pink Slip 82 Workers

Following its acquisition by TPG Capital, payroll and software company Entertainment Partners will lay off 82 employees.

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Regent Buys Accell Group's North America Cycling Business

Beverly Hills-based private equity firm Regent, which last month acquired French cycling company Mavic from Amer Sports, has purchased the North America cycling business of Dutch-based Accell Group.

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Private Equity Firm Lovell Minnick Sells Stake in Worldwide Facilities

Manhattan Beach-based private equity firm Lovell Minnick Partners has sold its position in Worldwide Facilities, a downtown-based wholesale insurance brokerage.

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