Orange County Business Journal

FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Vizio’s $2B Sale Axed

Irvine-based Vizio Inc.’s proposed $2 billion sale to Chinese conglomerate LeEco has been terminated due to “regulatory headwinds,” the companies said Monday morning.

By Chris Casacchia April 10, 2017 10:38 a.m. share »
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Opus Board Gets Ex-Fed Director

Irvine-based Opus Bank said Paul G. Greig, a former chairman and chief executive at FirstMerit Corp. in Akron, Ohio, had joined its board.

By Peter J. Brennan April 10, 2017 10:24 a.m. share »
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Five Point Refiles IPO

Five Point Holdings LLC in Aliso Viejo refiled its registration to go public and set a placeholder value of $100 million on the offering.

By Paul Hughes April 10, 2017 9:11 a.m. share »
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Concierge Health App Planned

Former Alphaeon Corp. Chief Executive Robert Grant said he will launch an app this fall for consumers to schedule and access on-demand specialist physicians in fields such as orthopedics, cardiology and brain surgery.

By Sherry Hsieh April 7, 2017 9:40 a.m. share »
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Endologix Signs $170M Debt Deal

Endologix Inc. in Irvine agreed on a debt package of $170 million with New York private equity firm Deerfield Management Co., which now also holds rights to buy 6.5 million Endologix shares at $9.23 apiece.

By Sherry Hsieh April 6, 2017 1:23 p.m. share »
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Cylance Cuts Jobs

Cylance Inc. in Irvine has initiated a round of job cuts in a restructuring.

By Chris Casacchia April 6, 2017 11:13 a.m. share »
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ECCU Names Chief Credit Officer

Evangelical Christian Credit Union in Brea appointed Patty Staples senior vice president and chief credit officer.

By Peter J. Brennan April 5, 2017 2:20 p.m. share »
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Banc of California Board Changes Again

Santa Ana-based Banc of California, which has been buffeted by turmoil over the last six months, said one director resigned from its board and two others were appointed to it.

By Peter J. Brennan April 5, 2017 12:09 p.m. share »
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Chemical Maker to Buy China-Owned U.S. Product Lines

American Vanguard Corp. in Newport Beach has agreed to buy some U.S. assets of three crop protection product lines from Adama Agricultural Solutions Ltd. in Israel, on undisclosed terms.

By Paul Hughes April 5, 2017 12:05 p.m. share »
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Alliant Buys SES Insurance Brokerage

Alliant Insurance Services Inc. in Newport Beach bought SES Insurance Brokerage Services Inc. in Santa Ana on undisclosed terms.

By Peter J. Brennan April 5, 2017 10:54 a.m. share »
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Ex-Morgan Stanley Chief to Chair Lantern Credit

John Mack, former chairman and chief executive at Morgan Stanley, was appointed chairman of the board of managers of Newport Beach-based Lantern Credit LLC.

By Peter J. Brennan April 4, 2017 11:33 a.m. share »
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Bank in Strategic Review

California First National Bancorp, which is trying to improve its risk-management system, said it’s undertaking a strategic review of options after a regulator advised a further reduction of leveraged loans.

By Peter J. Brennan April 4, 2017 10:11 a.m. share »
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Chapman Gets Experian Gift

Chapman University plans to expand work in data science and artificial intelligence with a $750,000 donation from Experian PLC, which creates the Experian Assistant Professorship in Machine Learning.

By Deirdre Newman April 3, 2017 3:31 p.m. share »
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Apax to buy Syneron for $397M

Apax Partners LLC has agreed to buy Syneron Medical Ltd. for $397 million in cash.

By Sherry Hsieh April 3, 2017 12:10 p.m. share »
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Samuelis Give $20M to UCLA

The Samueli Foundation in Corona del mar gave $20 million to the University of California-Los Angeles’ Henry Samueli School of Engineering and Applied Science, the foundation said.

By Deirdre Newman April 3, 2017 11:59 a.m. share »
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Emerald Files for IPO

San Juan Capistrano-based Emerald Expositions LLC has filed to raise up to $100 million in an initial public offering.

By Mediha DiMartino April 3, 2017 9:56 a.m. share »
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Doheny Blues Foundation to Launch

Doheny Blues Festival Founder Rich Sherman said he’ll create the Doheny Blues Foundation in honor of the 20th anniversary of the festival, which runs May 20-21 in Dana Point.

By Deirdre Newman March 31, 2017 1:07 p.m. share »
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Ex-Airport FBO in Suit Vs. County, Board

An affiliate of Signature Flight Support Corp. petitioned Orange County Superior Court on Wednesday to overturn the results of an Orange County Board of Supervisors vote that would replace its operations at John Wayne Airport with services provided by a new company.

By Paul Hughes March 31, 2017 9:15 a.m. share »
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Chuck Martin Dies

Chuck Martin, an Orange County businessman well-known for investments, education and charity work, died on Tuesday. He was 80.

By Peter J. Brennan March 29, 2017 11:16 a.m. share »
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El Pollo Loco Grows Texas Deal

El Pollo Loco said a Texas franchisee has agreed to nearly triple the number of units the local operator will open.

By Paul Hughes March 28, 2017 3:09 p.m. share »
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Cloudvirga Raises $15 Million

Irvine-based mortgage software developer Cloudvirga raised $15 million in Series B funding.

By Deirdre Newman March 27, 2017 5 p.m. share »
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Ubiquity Investor Wants New Execs, Board

One of Ubiquity Inc.’s largest shareholders wants to immediately replace the Irvine-based media and technology company’s top executives.

By Deirdre Newman March 27, 2017 12:56 p.m. share »
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PIMCO, Gross Settle Lawsuit

Bond investor Bill Gross settled a lawsuit against the company he co-founded, Pacific Investment Management Co.

By Peter J. Brennan March 27, 2017 10:28 a.m. share »
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GSF Beefs Up C-Suite

Golden State Foods in Irvine named several new senior executives to its leadership team, including a new chief administrative officer and chief financial officer.

By Paul Hughes March 27, 2017 10 a.m. share »
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OC Unemployment Down

Orange County’s unadjusted unemployment rate fell to 3.7% in February from a revised 3.9% in January and below the 4.1% reported in the same period last year, the state Employment Development Department said.

By Peter J. Brennan March 24, 2017 10:40 a.m. share »