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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Glaukos’ $5.5M Buy Grows Line

Glaukos Corp. in San Clemente paid $5.5 million to Dose Medical Corp. in Laguna Hills for wireless sensor technology to incorporate into Glaukos’ eye stent product line to treat glaucoma.

By Sherry Hsieh April 14, 2017 11:31 a.m. share »
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OC TV Stations Get $115M

PBS SoCal KOCE, with headquarters in Costa Mesa, will receive $49 million and KDOC-TV in Santa Ana will receive $66 million from the Federal Communication Commission’s “World's First Broadcast Incentive Auction,” which closed today.

By Deirdre Newman April 13, 2017 1:06 p.m. share »
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El Pollo Loco Cuts Franchise Fees

El Pollo Loco Holdings Inc. in Costa Mesa will lower initial franchise fees and cut the royalty rates it charges franchisees to boost growth.

By Paul Hughes April 13, 2017 12:56 p.m. share »
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Biolase to Raise Up to $17.6M

Biolase Inc. in Irvine plans to raise up to $17.6 million, including warrants, in a private placement with several investors.

By Paul Hughes April 13, 2017 11:02 a.m. share »
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Palace Parent’s PE Firm Sells Stake

The private equity firm that took Palace Entertainment Holdings LLC’s parent company public last year has sold a 15% stake in the company for about $221 million to a Belgium-based investor.

By Paul Hughes April 13, 2017 10:12 a.m. share »
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UCI Receives $1 Million Estate Gift

University of California-Irvine announced today a $1 million gift from the estate of Christian Werner, former professor emeritus of geography and former dean of the School of Social Sciences.

By Deirdre Newman April 12, 2017 4:40 p.m. share »
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Quality Systems in $34M Buy

Quality Systems Inc. subsidiary NextGen Healthcare Information Systems LLC will buy Entrada Inc. for $34 million.

By Sherry Hsieh April 12, 2017 12:40 p.m. share »
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Ubiquity Shareolders to Testify Before SEC

Shareholders in the troubled Ubiquity Inc. of Irvine are permitted to testify at a Security and Exchange Commission public hearing on April 17 in Washington, D.C., according to its majority owner Strategic Capital Management Ltd.

By Deirdre Newman April 12, 2017 6 a.m. share »
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WD Leads $33M Investment Round

Irvine-based Western Digital Corp. led a $33 million strategic funding round for a Northern California company that specializes in flash storage systems.

By Chris Casacchia April 11, 2017 11:05 a.m. share »
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UCI Prof Gets $1M Grant

DK Electronic Materials Co Ltd. in Jiangsu, China, gave $1 million to University of California-Irvine to support the work of chemical engineering and materials science Professor Frank Shi.

By Deirdre Newman April 10, 2017 12:50 p.m. share »
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Vizio’s $2B Sale Axed

Irvine-based Vizio Inc.’s proposed $2 billion sale to Chinese conglomerate LeEco has been terminated due to “regulatory headwinds,” the companies said Monday morning.

By Chris Casacchia April 10, 2017 10:38 a.m. share »
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Opus Board Gets Ex-Fed Director

Irvine-based Opus Bank said Paul G. Greig, a former chairman and chief executive at FirstMerit Corp. in Akron, Ohio, had joined its board.

By Peter J. Brennan April 10, 2017 10:24 a.m. share »
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Five Point Refiles IPO

Five Point Holdings LLC in Aliso Viejo refiled its registration to go public and set a placeholder value of $100 million on the offering.

By Paul Hughes April 10, 2017 9:11 a.m. share »
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Concierge Health App Planned

Former Alphaeon Corp. Chief Executive Robert Grant said he will launch an app this fall for consumers to schedule and access on-demand specialist physicians in fields such as orthopedics, cardiology and brain surgery.

By Sherry Hsieh April 7, 2017 9:40 a.m. share »
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Endologix Signs $170M Debt Deal

Endologix Inc. in Irvine agreed on a debt package of $170 million with New York private equity firm Deerfield Management Co., which now also holds rights to buy 6.5 million Endologix shares at $9.23 apiece.

By Sherry Hsieh April 6, 2017 1:23 p.m. share »
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Cylance Cuts Jobs

Cylance Inc. in Irvine has initiated a round of job cuts in a restructuring.

By Chris Casacchia April 6, 2017 11:13 a.m. share »
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ECCU Names Chief Credit Officer

Evangelical Christian Credit Union in Brea appointed Patty Staples senior vice president and chief credit officer.

By Peter J. Brennan April 5, 2017 2:20 p.m. share »
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Banc of California Board Changes Again

Santa Ana-based Banc of California, which has been buffeted by turmoil over the last six months, said one director resigned from its board and two others were appointed to it.

By Peter J. Brennan April 5, 2017 12:09 p.m. share »
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Chemical Maker to Buy China-Owned U.S. Product Lines

American Vanguard Corp. in Newport Beach has agreed to buy some U.S. assets of three crop protection product lines from Adama Agricultural Solutions Ltd. in Israel, on undisclosed terms.

By Paul Hughes April 5, 2017 12:05 p.m. share »
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Alliant Buys SES Insurance Brokerage

Alliant Insurance Services Inc. in Newport Beach bought SES Insurance Brokerage Services Inc. in Santa Ana on undisclosed terms.

By Peter J. Brennan April 5, 2017 10:54 a.m. share »
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Ex-Morgan Stanley Chief to Chair Lantern Credit

John Mack, former chairman and chief executive at Morgan Stanley, was appointed chairman of the board of managers of Newport Beach-based Lantern Credit LLC.

By Peter J. Brennan April 4, 2017 11:33 a.m. share »
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Bank in Strategic Review

California First National Bancorp, which is trying to improve its risk-management system, said it’s undertaking a strategic review of options after a regulator advised a further reduction of leveraged loans.

By Peter J. Brennan April 4, 2017 10:11 a.m. share »
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Chapman Gets Experian Gift

Chapman University plans to expand work in data science and artificial intelligence with a $750,000 donation from Experian PLC, which creates the Experian Assistant Professorship in Machine Learning.

By Deirdre Newman April 3, 2017 3:31 p.m. share »
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Apax to buy Syneron for $397M

Apax Partners LLC has agreed to buy Syneron Medical Ltd. for $397 million in cash.

By Sherry Hsieh April 3, 2017 12:10 p.m. share »
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Samuelis Give $20M to UCLA

The Samueli Foundation in Corona del mar gave $20 million to the University of California-Los Angeles’ Henry Samueli School of Engineering and Applied Science, the foundation said.

By Deirdre Newman April 3, 2017 11:59 a.m. share »