FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
A bankruptcy judge approved Wanxiang America Corp.’s $149.2 million bid for the sale of Costa Mesa-based Fisker Automotive Inc. The offer by Wanxiang, part of China-based auto parts company Wanxiang Group Corp., beat Fisker’s senior secured lender, Hybrid Tech Holdings LLC, in the auction. Hybrid Tech is affiliated with Hong Kong billionaire Richard Li.
The parent of Irvine-based Billabong USA saw its fourth consecutive half-year loss.
Irvine-based cybersecurity software company Cylance Inc. raised $20 million from Blackstone Group LP in New York, Khosla Ventures and Fairhaven Capital, along with other private investors.
Newport Beach-based activist investor Engaged Capital LLC has nominated five candidates for the board of Abercrombie & Fitch Co.
Opus Bank has formed a private equity group and a corporate-finance division, the latest efforts by the Irvine-based bank to expand its investment-banking business.
Newport Beach-based American Bancshares Inc. has agreed to sell its American Security Bank subsidiary to CVB Financial Corp. for $57 million.
REAL ESTATE: Starwood, CIM, Torchlight buy into office recovery
There’s a new set of owners overseeing four of the most prominent office buildings on the skyline of Orange and Anaheim following a series of sales that reached about $250 million combined.
OC INSIDER Column by Jerry Sullivan
The Argyros Family Trust nominated private equity investor John Clark to the board of directors of DST Systems Inc., where the trust is the largest shareholder and George Argyros serves as a director.
A two-building industrial park in Cypress that holds the headquarters of apparel company Vans Inc. sold for $60 million.
A general rise in life expectancy has been the focus of many a conversation among wealth managers and their clients of late, regardless of how far the clients may be from planned retirement.
WEALTH MANAGEMENT: Family Office Grows in West
GenSpring Family Offices LLC is expanding the role and reach of its regional headquarters in Costa Mesa as it bolsters its service to the wealthy in California and the rest of the West.
Philanthropy Column by Kim Haman
Double-Digit Growth Seen in New Software Package
Irvine-based business software maker Kofax Ltd. received good early grades from two investment firms that recently initiated coverage.
Short-Term Deals Possibility For Chipmaker?
Irvine city officials have acted as though it’s a fait accompli, but regulatory filings of Broadcom Corp. continue to suggest that a move of the chipmaker’s headquarters to a new office development at Orange County Great Park is not set in stone.
REAL ESTATE WATCH: LOS ANGELES COUNTY
The Greater Los Angeles office market had a strong year in 2013, as all real estate indicators had slight year-over-year improvement.
A listing of business events happening all around Orange County.
Irvine-based Hyundai Capital America Inc. is transferring about 85 jobs from Orange County to its existing operations in Atlanta and Dallas while looking to make room for future growth here.
Private equity investor Kodiak Capital Group LLC has agreed to buy up to $5 million worth of common stock from Greenkraft Inc., a Santa Ana-based manufacturer of alternative-fuel automotive products.
A couple of Orange County venture capital firms participated in a $22.1 million funding round for Welltok Inc., a healthcare software company in Denver.
Irvine-based American Restaurant Holdings Inc. is in the midst of closing several more acquisitions on the heels of its purchase of Fronteras Mexican Grill & Cantina in Alhambra last month.
Concert Golf Partners, a Newport Beach-based golf club owner and operator, has acquired Gaillardia Country Club in Oklahoma City by paying off its debts to a couple of banks.
Sales and leases of offices, industrial buildings, retail space and apartments
Lifetime Achievement Winner’s Experience Spells Versatility
Kevin Manion specializes in swooping in with new ideas and plenty of energy for his employer, whether it’s a distributor of wine and spirits, investment firm, produce grower or a national snacks brand.
Private Equity Gives Trade Show Outfit New Vigor
Emerald Expositions Inc. functions like a modern-day matchmaker, setting the mood and bringing interested parties under one roof.