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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Irvine Security Software Maker Raises $100M

Irvine-based security software maker CrowdStrike Inc. has raised $100 million in a Series C funding round led by Google Inc.’s capital investment arm, Google Capital.

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Warburg Pincus Set to Take Stake in Universal

New York-based Warburg Pincus is set to take a majority stake in Santa Ana-based Universal Services of America Inc.

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Edwards to Buy Crosstown Valve Maker

Irvine-based Edwards Lifesciences Corp. is buying privately held CardiAQ Valve Technologies Inc. for $350 million in cash and up to $50 million in regulatory milestone payments.

Aliso Viejo Office Sale Estimated Over $100M

REAL ESTATE: Two buildings at Summit combine for 295,000 SF

Two buildings in Aliso Viejo that hold the local operations of homebuilder Lennar Corp. and other tenants has traded hands in what looks to be the priciest office sale in South Orange County so far this year.

Management Consultant Gains Slow As Biggest Shrink

27 Firms Eke Out 1% Gain to 1,551 Jobs Here

The pace of employment growth at Orange County’s top management consulting firms slowed over the past year, driven primarily by job cuts at the biggest.

Allergan Deals Add Emphasis to Irvine Operations

HEALTHCARE: Minimum of $350M for buys in eye business

Allergan PLC Chief Executive Brent Saunders is living up to his word when it comes to the company’s Irvine operations.

Change at Top For Hyundai Ad Shop

The advertising arm of Fountain Valley-based Hyundai Motor America Inc. has a new boss to go with a $300 million initial public offering by its parent, Innocean Worldwide Inc.

Trend Builds as Great Park Project Eyes Own Food Hall

REAL ESTATE: Old warehouse would hold one of a few planned

Add Great Park Neighborhoods in Irvine to the growing list of areas across Orange County looking to add a hip food hall to their developments instead of a more traditional retail center.

Banc of California Sells Two Branches

Irvine-based Banc of California Inc. agreed to sell two branches to Americas United Bank in Glendale, which primarily serves Latino-American customers.

Software Maker Drawloop Acquired

Irvine-based Drawloop Technologies Inc. recently announced it was acquired by Nintex USA LLC for an undisclosed amount.

Excelsior Capital Buys Wall Art Maker

Excelsior Capital Partners LLC in Newport Beach formed two entities to acquire Artissimo Designs, a manufacturer of wall decoration products.

Payoff Gets $250M for Credit Debtors

Costa Mesa-based consumer financial services firm Payoff Inc. secured up to $250 million in debt financing to help its members pay off credit card debt.

IT Provider Nears $500M in Sales, Aims for $1 Billion

2K Customers Include Big Names Such as Vizio

Irvine-based IT consultancy and service provider Trace3 is on pace to crack $500 million in revenue this year as it attracts new Fortune 500 customers and builds up regional offices.

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Banc of CA Sells 2 Branches

Irvine-based Banc of California Inc. has agreed to sell two branches to Americas United Bank in Glendale, which primarily serves Latino-American customers.

NB Investor Acquires Wall Decor Products Maker

Excelsior Capital Partners LLC in Newport Beach formed two new entities to acquire Artissimo Designs, a manufacturer of wall decoration products.

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Payoff to Get $250M

Costa Mesa-based consumer financial services firm Payoff Inc. has secured up to $250 million in debt financing to help its members pay off credit card debt.

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Five Point Plans for IPO

Aliso Viejo-based Five Point Holdings Inc. said it’s planning an initial public offering.

Buchan’s High Bar

Set Record on Athletic Field at Yale, New Pace for Women in World of Hedge Funds

Sports brought Jane Buchan to Orange County from New York City, and the competitive drive honed on the playing fields has continued with her rise into the ranks of the most powerful women in the world of hedge funds.

Medical Device Maker Adds to RSM Presence In Deal Pegged at $37M

REAL ESTATE: Cox affiliate sells building, 24.5 acres near toll road

Rancho Santa Margarita-based medical device maker Applied Medical Resources Corp. has bought the largest office building in its hometown for its growing operations.

Will NFL Deal Help Hyundai Reverse Field?

MARKETING: Takes GM’s spot in sponsorship lineup

Hyundai Motor America Inc.’s new status as the automotive sponsor of the National Football League—a deal that came at an estimated cost of $50 million a year—could be the ticket to getting the Fountain Valley-based automaker back on pace with the market.

Gross Greets Old Colleague as New Co-Manager

FINANCE: Janus acquires majority stake in Kapstream

Bill Gross got a co-portfolio manager to support his global unconstrained bond strategy for Janus Capital Group Inc.

Determined to Defeat Duchenne

Mother Trains Business Experience on Disease That Struck Son

Debra Miller’s son has Duchenne muscular dystrophy.

Beat Goes On

Union Bank Treasury Exec Takes Bold Approach

Susan Beat points to boldness as a constant character trait that helped set her apart as she advanced in banking.

June Gloom Absent from Luxury Coastal Home Sales

14 $4M-Plus Sales Close In Month’s First 2 Weeks

June got off to an auspicious start with 14 luxury home sales over $4 million in the first two weeks of the month.

Masimo Gets European Approval of Portable Oximeter

MightySat Rx Device Unavailable in US

Masimo Corp. ended June on a regulatory roll.