Orange County Business Journal

FINANCE

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

Report: Advantage Sales & Marketing On Sales Block

The parent of Irvine-based Advantage Sales & Marketing is looking into a sale of the company in a deal that could approach $4 billion, according to a Reuters report.

Tease photo

Sequent Medical Raises $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. has raised $20 million in venture capital funding.

Tease photo

Pac Merc Gets New CCO

Costa Mesa-based Pacific Mercantile Bancorp has named Robert Stevens chief credit officer of the company and its Pacific Mercantile Bank subsidiary.

CSUF Index: Outlook About Flat for Q2

ECONOMY: Continues to ease off all-time high notched last year

Orange County business owners and executives enter the second quarter with a virtually unchanged outlook on the economy, according to the latest quarterly index of business expectations published by the Mihaylo College of Business and Economics at California State University-Fullerton.

Tease photo

Opus Sets Price Range on IPO

Irvine-based Opus Bank has announced specifics of its plans for an initial public offering, which will include about 5.7 million shares of common stock priced between $31 and $34.

Tease photo

Laguna Hills PE Firm in Deal for Video Technology Developer

Laguna Hills-based private equity firm Parallax Capital Partners LLC has joined another investor in acquiring DivX LLC in San Diego.

Tease photo

SJC Camera Maker in Merger Agreement

San Juan Capistrano-based network camera manufacturer IQinVision has agreed to merge with Vicon Industries Inc. in Edgewood, N.Y. in an all-stock transaction.

Tease photo

Irvine Investor Adds RSM Restaurant

Irvine-based American Restaurant Holdings Inc., an investor in restaurants and food manufacturing companies, has acquired Canyon Fireside Grille on undisclosed terms.

Facebook’s OC Focus

$2B Deal on Heals of Google Hookup With Oakley

Orange County gave Silicon Valley and the rest of the world plenty to talk about in a 24-hour burst last week.

No IPO, No Problem for City Ventures

REAL ESTATE: Homebuilder raises $345 million with land sales

City Ventures Inc. has shown that there are other ways to raise money, even as some fellow Orange County-based homebuilders have opted to join a recent trend of initial public offerings.

Zuckerberg’s Reality

Facebook Inc.’s eye-popping $2 billion acquisition of Irvine startup Oculus VR Inc. is a long-term bet on the future of computing, Mark Zuckerberg told analysts last week.

Gordon’s Opus

From Recapitalization to $4B in Assets, Eye on More

Stephen Gordon was unabashedly proud of the company he kept at the Business Journal’s 13th Annual Excellence in Entrepreneurship Awards.

Startup Device Maker Raises $32.5M

Irvine-based Axonics Modulation Technologies Inc. completed a $32.5 million first round of financing.

ADDENDUM -- Week of March 31

The Defense Advanced Research Projects Agency in Arlington, Va., awarded Boeing Co.’s operations in Huntington Beach a $30.7 million contract to support development of a system to use aircraft for satellite launches at a cost savings compared to rocket-fueled launches.

Tease photo

Report: El Pollo Loco Eyeing IPO

The owners of Costa Mesa-based El Pollo Loco Holdings Inc. are looking to take the company public, according to a report from the Wall Street Journal.

Tease photo

Pac Merc Adds Silicon Valley Vet

Costa Mesa-based Pacific Mercantile Bancorp has named former Silicon Valley Bank executive Tom Wagner as manager of the northern division of its Pacific Mercantile Bank subsidiary.

Tease photo

Miven Portfolio Company Goes Public

A company in the portfolio of Newport Beach-based entrepreneurs Victor and Janie Tsao remained slightly above its initial price of $15 per share today, with a market value of about $156 million.

Wall Street Backer for Cruttenden’s Main Street Micro-Investing App

FINANCE: Looks to link mass market, money managers

Walter Cruttenden, an investment banking pioneer in Orange County, has secured $5.5 million in funding from a Wall Street fund manager to bring his latest business venture to market.

Device Designer to Stay Local Under New Owner

HEALTHCARE: Sees benefit in Illinois company’s size

An Irvine design and engineering firm that develops products for medical device and biotech companies has been sold to a larger competitor.

UK Device Maker Eyes Offering Here

HEALTHCARE: Lombard’s US operations in Irvine

A British medical device maker that has its U.S. headquarters in Irvine is seeking its fortune in the U.S.

Acacia Bruised in Past Year But Expects Rebound

TECHNOLOGY: Rugged run wiped out 45% of market value

Three straight disappointing quarters for Acacia Research Corp. has zapped 45% of the company’s market value, leaving it at $789 million as of late last week, but executives say they’re confident it will bounce back through pending patent lawsuits.

Startup Raises $4.5M in 1st Round

Irvine startup Bitvore Corp., which mines information from email, social media and websites for business customers, closed a $4.5 million inaugural fundraising round.

5 Entrepreneurs Honored for Excellence

Members of the Orange County business community celebrated five winners of the Business Journal’s 13th Annual Excellence in Entrepreneurship Awards last week.

ADDENDUM - March 24

Irvine-based Motorcycle Industry Council hired Erik Pritchard as its general counsel. The appointment was effective immediately and fills a spot left open by the departure of Paul Vitrano, who recently joined snowmobile and ATV maker Polaris Industries as vice president for global government relations.