Orange County Business Journal

FINANCE

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

RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.

Tease photo

Biolase CFO Resigns

Biolase Inc. in Irvine said Chief Financial Officer David C. Dreyer will resign effective Jan. 13 for “personal reasons unrelated to the company’s financial condition.”

Tease photo

Lotus Makes Another Buy

Lotus Innovations LLC in Irvine acquired Commerx Corp., a leading global provider of digital and telecommunications services.

Tease photo

PE Firm Buys Sandal Brand

Courtney Group Inc. in Newport Beach acquired sandal brand Flojos from Conscious Corp. in Thousand Oaks on undisclosed terms.

Tease photo

Aircraft Leasing Exec to New Board

Aviation Capital Group Vice Chairman Denis Kalscheur has left that post and joined the board of Avolon.

Tease photo

Eye Stent Developer Gets $25M

Ivantis Inc. in Irvine closed on a $25 million Series C funding round for development and eventual marketing of a stent intended for use in glaucoma surgery.

Tease photo

Yum China Taco Bell Opens

The first Taco Bell restaurant in China opened in Shanghai’s central business district as part of the fast food chain’s plan to open 1,000 restaurants overseas by 2022.

Tease photo

CM Insurer Joins National Broker

Centennial Group Benefits in Costa Mesa merged with 23 other U.S. insurance brokers to form Alera Group, backed by San Francisco private equity firm Genstar Capital LLC.

Tease photo

$1.2M to Symphony to Engage Chinese Community

The Los Angeles-based James Irvine Foundation awarded another $1.2 million grant to the Orange County-based Pacific Symphony to support efforts to strengthen its commitment to Orange County’s Chinese-American communities through arts engagement.

Tease photo

Confie Grows in Southwest

Confie Seguros bought Auto Insurance America Corp. on undisclosed terms.

Tease photo

PE Firm Buys in Virginia

Private equity firm Lotus Innovations LLC in Irvine acquired Edge Technologies Inc. in Reston, Va., on undisclosed terms.

Tease photo

Ensign Buys Assisted Living Land

Ensign Group Inc. in Mission Viejo bought the parcels under 15 assisted living facilities it runs in Wisconsin and plans to buy more land under the healthcare properties it operates in more than a dozen states.

Tease photo

Visit Anaheim Starts Show

Visit Anaheim plans to hold its first Sports Express show at the Wyndham Anaheim Garden Grove Jan. 11 to 13. The event will draw 15 to 20 sports event organizers and meeting planners, plus attendees from local hotels and cities.

Tease photo

Electronics Maker Buys in Canada

Infinite Electronics Inc. in Irvine acquired KP Performance Antennas in Edmonton, Alberta, Canada on undisclosed terms.

Tease photo

Kawaski, Citi to Offer Credit

Foothill Ranch-based Kawasaki Motors Corp. U.S.A. has arranged for Citi Retail Services to offer consumer financing via Kawasaki-branded credit cards at motorcycle manufacturer’s 1,100 authorized dealers.

Tease photo

CalAmp CFO to Retire

Rick Vitelle, chief financial officer, corporate secretary and executive vice president at CalAmp Corp., is retiring from the Irvine-based company.

Tease photo

Ubiquity Ordered to Pay $7.7M

A federal judge in Illinois levied a $7.7 million award against Irvine-based Ubiquity Inc. in favor of Gerald North, principal of the former Chicago-based Gerald D.W. North & Associates.

Tease photo

Trump Taps UCI Professor

University of California-Irvine economics professor Peter Navarro has been selected by president-elect Donald Trump to oversee a newly created White House National Trade Council.

Tease photo

Allergan in $2.9B Aesthetics Buy

Allergan plc bought LifeCell Corp., which develops aesthetic and regenerative medicine used in plastic surgery, for $2.9 billion, in a deal expected to close in the first quarter.

Tease photo

Autobytel Sells Specialty Product

Autobytel Inc. in Irvine sold its specialty finance leads product to El Segundo-based Internet Brands Inc. for $3.2 million.

Tease photo

OC Placement Firm Acquired

National placement firm Decision Toolbox in Irvine has been acquired on undisclosed terms by Engage2Excel in Statesville, N.C.

Tease photo

Sonendo Funding Tops $100M

Sonendo Inc. in Laguna Hills received $35 million in an extension of a Series D funding round that brings the privately held dental device maker’s total funding to more than $100 million.

Tease photo

Yamaha Unit Buys Engine Maker

Yamaha Motor Corp. USA in Cypress said its Kennesaw, Ga.-based Outdoor Power Equipment division acquired Subaru Industrial Power Products on undisclosed terms.

Tease photo

Confie Buys in Arizona

Huntington Beach-based insurance provider Confie acquired on undisclosed terms Oasis Insurance in Mesa, Ariz.

Tease photo

Unemployment Falls on Holiday Hires

Orange County’s unemployment rate fell to 3.7% in November from a revised 4.1% in October.