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...

Electromagnetic Filter Maker in SA Acquired

Santa Ana-based Filter Concepts Inc. has been acquired by Astrodyne Corp. on undisclosed terms.

Business School Dean Puts Change in Air at Concordia

EDUCATION: Christensen oversees new MBA programs

Steve Christensen is full-throated—like his hometown.

Ingram Micro Buys Minn. IT Provider

Santa Ana-based Ingram Micro Inc. acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers.

Dental Products Maker Buys in Oxnard

Orange-based dental products maker Kerr Corp. acquired a pair of business units in Oxnard in an effort to expand its portfolio of dental products and to venture into the animal healthcare market.

Investment Bank in Three Funding Deals

Newport Beach-based investment bank Digital Offering LLC helped raise more than $10 million for its first batch of clients, including two with headquarters in Orange County.

Meritus to Be Bought for $210 Million

Santa Ana-based Meritus Payment Solutions agreed to be acquired for $210 million by Optimal Payments PLC, an online payment services provider with headquarters in London.

Intraocular Lenses Expected to Spur Abbott Growth

Recently Got European Approval for Device

Abbott Laboratories’ vision care unit, which has more than 600 workers in Orange County, represents “significant prospects” for the company, according to a recent article on the Seeking Alpha investor website.

real estate deals

Sales and leases of offices, industrial buildings, retail space and apartments

A family trust sold an apartment complex in Laguna Beach to another family trust for $4.1 million.

Chapman Adds to Spectrum Campus With Office Buy

Unisys Building Slated for Health Science Programs

Chapman University in Orange has completed the purchase of a third office in the Irvine Spectrum that it will use to house the school’s new graduate health sciences programs.

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Ingram Micro Buys Minnesota IT Firm

Santa Ana-based Ingram Micro Inc. has acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers. Financial details of the buy were undisclosed.

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$210M for Santa Ana Payment Processing Company

Santa Ana-based Meritus Payment Solutions has agreed to be acquired for $210 million by Optimal Payments PLC, an online payment services provider with headquarters in London.

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Danaher Subsidiary Buys Two Business Lines

Orange-based dental products maker Kerr Corp. has acquired a couple of business units in Oxnard in a bid to expand its portfolio of dental products and to venture into the animal healthcare market.

Sunstone Back to Big Buys With Hawaii Deal

HOSPITALITY: Also acquires land under Fairmont Newport Beach

The $325.7 million acquisition of a Hawaii resort property could mark the beginning of an ambitious period of expansion for Sunstone Hotel Investors Inc.

El Pollo Plans to Stay on Familiar Turf After IPO

DINING: Modest growth plan follows sales gains, renovations

El Pollo Loco Holdings Inc. hopes the second time is a charm on its plans to go public.

Corinthian Expected to Shed Assets, Shut Schools

EDUCATION: School operator on brink, seeks deals with feds

Corinthian Colleges Inc. is expected to sell campuses and cut programs under an agreement with the U.S. Department of Education—a deal that could be the beginning of the end for the for-profit school operator.

Edwards Comeback Continues on OK for Sapien XT

HEALTHCARE: Shares up nearly 30% after rough 2013

Edwards Lifesciences Corp.’s next generation of less-invasive heart valves is making its domestic debut, providing a boost that has extended a monthslong rally for shares of the Irvine-based heart valve maker.

William Lyon Homes Expands With $520M Buy

Newport Beach-based William Lyon Homes said it will purchase the homebuilding operations of Polygon Northwest Co. for $520 million.

Oculus Buys Xbox Game Controller Creator

Oculus VR Inc. acquired the product design and engineering firm that developed the Xbox 360 controller.

Rant Media Raises $4M in Stock Offering

Online sports and lifestyle content publisher Rant Media Network Inc. raised $4 million in a private offering of its common stock.

Santa Ana Healthcare Services Firm Sold

Capario, a Santa Ana-based healthcare technology services company, was sold for $115 million to Emdeon Inc. in Nashville, Tenn.

real estate deals

Sales and leases of offices, industrial buildings, retail space and apartments

Hector Regner Properties – Cabrillo Park I LLC sold a shopping center in Santa Ana for $12.3 million to Palmdale Avenue S LLC.

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Ubiquity Buys Online Platform for Musicians

Irvine-based media company Ubiquity Broadcasting Corp. has paid $2.25 million worth of stock for the assets of Monkeybars Inc., an online distribution and content-sharing platform for musicians.

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OC Franchisee Plans 12 Craft-Your-Own Pizza Restaurants

Santa Ana-based Crafty Pizza Inc. plans to open 12 PizzaRev locations in Orange County.

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Hyundai Capital Partners With FICO

Irvine-based captive automobile finance company Hyundai Capital America has partnered with Fair Isaac Corp., better known as FICO, in a move to provide free credit scores to customers.

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Del Taco Parent Considers $500 Million Sale

Lake Forest-based Del Taco LLC is seeking a buyer and could sell for $500 million or more, according to reports.