Orange County Business Journal

FINANCE

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

$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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

Mazzo Resigns From Microsemi’s Board

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

Tease photo

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.

Tease photo

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.

Tease photo

Avanir Selling $200 Million in Stock

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

Tease photo

Irvine Glaucoma Device Startup Raises $25 Million

Irvine-based Ivantis Inc. said today that it raised $25 million in its second round of financing.

Tease photo

Del Taco Plans 28 Southeast Sites

Lake Forest-based Del Taco LLC said it will open 28 new locations in the Southeast United States.

Tease photo

Aliso Video Game Maker Raises $1M

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

Tease photo

Ackman Threatens Suit on Allergan Buy

Activist investor Bill Ackman has threatened to sue Allergan Inc. if the Irvine-based drug maker goes ahead with an acquisition of Salix Pharmaceuticals Ltd. in a deal that doesn’t require a vote of Allergan shareholders.

Tease photo

WSJ: Allergan in Advanced Talks for Potential Salix Deal

Irvine-based Allergan Inc. is in advanced talks to buy Salix Pharmaceuticals Ltd. after turning down a buyout offer from Actavis PLC, according to a report today in the Wall Street Journal.

Tease photo

TTM Buys Rival

Costa Mesa-based printed circuit board maker TTM Technologies Inc. today announced it will acquire Viasystems Group Inc. in a $927 million deal.

How Fast Is $18.7 Billion?

$5.5B Gain in 2 Years for 174 Fastest Growers Based in OC

There’s no shortage of numbers available to put some punch into this week’s coverage of the fastest-growing private companies based in Orange County.

View of Allergan as Buyer Revived

HEALTHCARE: Pyott says no rush for deal ahead of Dec. 18 meeting

Potential deals are once again taking center stage as Irvine-based Allergan Inc. continues its fight to keep its independence.

Oracle Tower Outlook Nears $100 Million

REAL ESTATE: 12-story office likely to set benchmark in JWA area

One of the better-known office buildings in the area around John Wayne Airport is up for sale and expected to fetch a price approaching $100 million, according to real estate sources.

Boeing Shifts on Sales of Seal Beach Buildings

MANUFACTURING: Once pegged for cost cuts, now home of new hires

Boeing Co.’s new Seal Beach support center for commercial airline customers reflects a significant change in plans for the Chicago-based aerospace giant’s sprawling real estate holdings along Orange County’s coastline.

Conditions Drove Contractor’s Meteoric Trajectory

Driver Urban’s Revenue Jumped 25,402% to $131.3M

Driver Urban had three things working for it in 2012 when it spun off from a large construction company—it entered the marketplace at the right time, at the right price, and with the right expertise.

Growth By Design

Alternative Lender Translates Conditions Into 2,236% Revenue Jump

Growth for Quick Bridge Funding LLC was fast but not too fast.

Serial Entrepreneur Went Big With Equipment Rentals

BigRentz.com on 1,268% Growth Spurt to $15M

Starting BigRentz.com was a no-brainer for Chief Executive Dallas Imbimbo.

Little Big List

$4.3B Revenue Increase Spread Over 13 Largest Fast Growers

Far fewer but much bigger. That’s one way to sum up the biggest of the fastest-growing private companies based in Orange County—13 companies that combined for $16.1 billion in revenue, a 37% jump.

Midmarket Movers

73 Companies Combine for $2.2 Billion in Revenue

The 73 fastest-growing private companies in Orange County with revenues between $10 million and $100 million collectively grew their combined top line by 76.1% over the past two years to $2.2 billion.