Orange County Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

NextVR Gets $80 Million in Funding

Laguna Beach-based virtual reality content maker NextVR Inc. said it completed an $80 million round of funding led by Asian technology companies.

August 15, 2016 midnight   $$ Share
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Carrick Capital Buys in Philadelphia

Carrick Capital Partners in Newport Beach has invested $50 million in InstaMed in Philadelphia.

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OCTANe, OC Tech Group to Merge

OCTANe in Aliso Viejo will merge with Orange County Technology Alliance in Mission Viejo.

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New CFO at Banc of California

Irvine-based Banc of California named J. Francisco Turner co-Principal Financial Officer, effective immediately.

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Greenwave Buys Predixion

Irvine-based smart technology provider Greenwave Systems Inc. bought Predixion Software in Aliso Viejo on undisclosed terms.

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Allied Buys in Massachusetts

Santa Ana-based security firm Allied Universal has acquired on undisclosed terms Apollo International in Walpole, Mass.

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Cottage Cheese Maker Adds $3M

Good Culture LLC in Irvine closed a $3 million Series B round from three investors.

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Abbott Optics Unit to J&J for $4.3B

Johnson & Johnson in New Brunswick, N.J. will buy Abbott Medical Optics in Santa Ana for $4.3 billion in cash. The deal is expected to close early next year.

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Aerie to Offer $125M in Stock

Aerie Pharmaceuticals Inc. plans to offer $125 million in stock next week.

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Unemployment Down Led by Services, Construction

Orange County’s unemployment rate fell to 4.4% in August from a revised 4.6% in July.

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Mapping Software Maker Draws $36M

Irvine-based Digital Map Products, a provider of cloud-based spatial technology, has secured more than $36 million in funding, the company said today.

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Allergan Buys Derma Firm for $639M

Allergan Plc will buy Vitae Pharmaceuticals Inc. for about $639 million.

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Confie Buys Three Brokerages

Huntington Beach-based insurer Confie continued to expand with the acquisition of brokerages in Illinois, Nevada and Florida.

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KKR Puts $66M in AcuFocus

AcuFocus Inc. in Irvine received $66 million in a funding round led by KKR & Co. LLP in New York.

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Baja Fresh, La Salsa Sold

Irvine-based BF Acquisition Holdings LLC, the parent company for Baja Fresh Mexican Grill and La Salsa Fresh Mexican Grill, will be acquired for $27 million by MTY Food Group Inc. in Montreal, Canada.

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Alliant Buys in Washington State

Newport Beach-based Alliant Insurance Services has acquired on undisclosed terms the Farmin, Rothrock & Parrott insurance brokerage in Spokane, Wash.

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United Capital Buys in Connecticut

Newport Beach-based United Capital Financial Advisers, LLC has acquired on undisclosed terms the private client group of Westport Resources Management in Westport, Conn.

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Netlist in $15M Offering

Netlist Inc. will sell $15 million in common stock, the Irvine-based storage equipment maker said today.

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PacSun Emerges From BK

The U.S. Bankruptcy Court for the District of Delaware confirmed Pacific Sunwear of California Inc.’s restructuring plan Tuesday, a move that enabled the retail chain to emerge from bankruptcy under ownership of lender Golden Gate Capital.

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Smith Micro Gets $4M

Aliso Viejo-based Smith Micro Software announced today that it’s raised $4M in funding from Unterberg Koller Capital Fund L.P. in New York, along with William Smith, the company’s founder and chief executive.

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Rox Medical Raises $40M

Rox Medical in San Clemente got $40 million in Series E financing led by Novartis Venture Fund and Apple Tree Partners, with participation by Versant Ventures and Domain Associates.

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Aneurysm Device Developer Sold

Blockade Medical in Irvine has been sold to Balt International in Paris on undisclosed terms.

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Allergan Buys Eye Therapy Developer

Allergan Plc bought RetroSense Therapeutics for $60 million and milestone payments.

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UCI Gets $1.3M for Diabetes Work

Two University of California-Irvine researchers have received a grant of $1.3 million from New York City-based JDRF to support their work on Type 1 diabetes

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PAAMCO Names Head of Portfolio Management

Irvine-based Pacific Alternative Asset Management Co. named Basil Williams head of portfolio management.

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First American Buying Title Insurance Research Firm

Santa Ana-based First American Financial Corp. is under contract to buy a New Jersey-based title insurance and real estate research firm on undisclosed terms.