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...
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9 OCers Make Forbes 400 List

Nine members of the Business Journal’s annual OC’s Wealthiest list were included in the recent Forbes 400 list, which ranks and profiles the wealthiest Americans by estimated net worth.

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Boot Barn Files $86M IPO

Irvine-based Boot Barn Holdings filed for an initial public offering to raise up to $86.3 million, according to reports.

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Ingredients Developer Gets $5M Debt Funding

ChromaDex Corp., an Irvine-based maker of ingredients for dietary supplements, has closed a $5 million venture debt financing from Hercules Technology Growth Capital Inc.

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Costa Mesa Chipmaker Seeks BK

Costa Mesa-based chipmaker ISC8 Inc. has filed for Chapter 11 bankruptcy protection.

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Allergan Gets New FDA Nod on Eye Drug

Irvine-based drug maker Allergan Inc. said the U.S. Food and Drug Administration approved its Ozurdex 0.7 mg biodegradable steroid implant for general use in treating diabetic macular edema.

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Ensign Buys in Arizona

Mission Viejo-based Ensign Group Inc. bought an assisted living facility in Tucson, Ariz., the company said.

Register’s New Landlord Eyes More

Envisions 2 Towers Next to Daily’s HQ in Santa Ana

A commercial and residential development with the potential for a couple of high-rise towers could be built on land surrounding the Santa Ana headquarters of the Orange County Register, according to the high-profile building’s new owner.

Can Valeant Keep It Up?

HEALTHCARE: Bid for Allergan looks light despite last week’s stir

Did Valeant Pharmaceuticals International Inc. make David Pyott’s point last week?

Costa Mesa Circuit Board Maker Could Top Field

TECHNOLOGY: Deal for rival would lift TTM near top of global ranks

Thomas Edman’s first deal at the helm of Costa Mesa-based TTM Technologies Inc. could create the world’s largest printed circuit board maker.

Rebranding Puts Consulting Firm on Path of Growth

Says Unique Identity Makes It Stand Out From Crowd

Stantec Consulting Services Inc. was able to put its best foot forward when competing for business this year, thanks to a major rebranding effort initiated by its parent, Stantec Inc. in Edmonton, Canada.

Newport Center in Line for Net Gain on Gross Move

The Insider has no dog in any fight between Bill Gross and whoever—but it now looks clear from this vantage point that a cadre of critics coordinated their condemnations of the cofounder and now ex-boss of Pimco in recent months.

Yokohama Tire Takes 57,624 SF in Santa Ana

REAL ESTATE: Distribution hub shifts from Fullerton to IE

Yokohama Tire Corp. has signed a deal to move its U.S. headquarters to Santa Ana in a shift that comes a few months after the company sold its longtime home in Fullerton.

Anton & Chia in San Diego on Latest Buy

Newport Beach-based accounting firm Anton & Chia LLP has acquired W. Michael Corson & Co. in San Diego on undisclosed terms, its second buy in recent months.

Fox Head in Irvine Said to Be For Sale

Irvine-based motorcross apparel company Fox Head Inc. is reportedly on the sales block and seeking more than $200 million.

Device Maker Raises $25M for Stent

Irvine-based Ivantis Inc. said it raised $25 million in its second round of financing. It said it plans to use the money to support ongoing clinical trials for its Hydrus microstent, which is implanted into the eye to treat glaucoma. Glaucoma is a major cause of blindness around the world.

$1 Million to Video Game Maker

MEK Entertainment Inc., an independent video game maker in Aliso Viejo established by a former Blizzard Entertainment Inc. programmer, secured $1 million in a seed round.

$10M Raised for Water Purity Projects

Irvine-based WaterHealth International Inc. raised $10 million in venture funding from a private equity firm in New York that targets infrastructure projects in developing nations.

Lehman Lists Stalled SJC Home Development for Sale

Pacifica San Juan Could Fetch $150M or More

Pacifica San Juan, a stalled new home development just off the San Diego (I-5) Freeway in San Juan Capistrano, is on the market for sale and could fetch a big price.

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Gross to Janus, Will Stay in Newport Beach

Bill Gross, founder and chief investment officer of Pacific Investment Management Co., will leave the Newport Beach-based company to join Janus Capital Group.

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Report: Fox Head Looks to Sell

Irvine-based motorcross apparel company Fox Head Inc. is reportedly on the sales block and seeking more than $200 million.

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Water Treatment Specialist Raises $10M

Irvine-based WaterHealth International Inc. has raised $10 million in venture funding from a private equity firm in New York that targets infrastructure projects in developing nations.

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Mazzo Resigns From Microsemi’s Board

Aliso Viejo-based Microsemi Corp. said that James V. Mazzo has resigned from its board of directors.

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Mazzo Added to Insider Trading Indictment

Veteran Orange County medical device executive James V. Mazzo was added to a federal grand jury indictment on insider trading charges, the Department of Justice said today.

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Valeant Previews Q3, Changes Tone on Allergan

Canada-based Valeant Pharmaceuticals International Inc., which is attempting a hostile takeover of Irvine-based Allergan Inc., got a lift in early trading today after it released a preview of its results for the current quarter.

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Avanir Selling $200 Million in Stock

Aliso Viejo-based Avanir Pharmaceuticals Inc. is offering $200 million of its shares to the general public.