Orange County Business Journal

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Unemployment Rate, Jobs Fall

Orange County’s unemployment rate dipped to 5.4% in August despite a decrease of 1,900 jobs over the month.

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Entertainment Parks Operator Sells 15 Locations

Newport Beach-based leisure park owner and operator Palace Entertainment Inc. has sold 15 of its entertainment center locations to Apex Parks Group in Aliso Viejo.

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Windjammer Sells Auto Parts Maker

Newport Beach-based buyout firm Windjammer Capital Investors has agreed to sell its portfolio company BBB Industries LLC to an investment firm in London.

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Midday Stock Roundup

The S&P 500 fell 0.22% to 1,981.24 in midday trading.

HK Billionaire’s OC Connection

Chan, Brother Head Foundation That Gave $350M to Harvard Last Week

You won’t find mention of Orange County in the ongoing talk of the biggest single donation in Harvard University’s history.

Aristotle Capital to Newport Center

Aristotle Capital Management LLC is doubling its office size in Orange County with a move from Irvine to Newport Beach.

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PE Firm Invests in Propane Engine Maker

Newport Beach-based private equity firm Solis Capital Partners LLC has made an equity investment in LEHR Inc., a manufacturer of propane-powered engines and tools for home and commercial uses.

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Pac Merc Names COO

Costa Mesa-based Pacific Mercantile Bancorp has promoted Robert Sjogren to chief operating officer, a position that had been vacant for some time.

Equipment Firm HQ to Irvine in Expansion

Equipment leasing company Pacific Rim Capital Inc. has expanded its headquarters in a move from Aliso Viejo to Irvine.

Kofax to Pay $34.7M for German Firm

Irvine-based software maker Kofax Ltd. agreed to pay $34.7 million in cash for Softpro GMBH, a German company that specializes in electronic signature services and software.

Irvine-Based Bank Sells $60M in Notes

Irvine-based Pacific Premier Bancorp Inc. sold $60 million worth of notes to private investors.

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Alliant Expands with Buy in Spokane

Newport Beach-based Alliant Insurance Services Inc. has acquired Moloney + O’Neill in Spokane, Wash. on undisclosed terms.

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$21M Round for Mazzo-Led Device Company

Irvine-based medical device company AcuFocus Inc. has received $21 million in new venture funding.

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Anaheim Bathtub Maker Sold

Anaheim-based bathtub manufacturer Aquatic has been acquired by the Sterling Group, a private equity firm in Houston.

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Pacific Premier in $60M Private Placement

Irvine-based Pacific Premier Bancorp Inc. has sold $60 million worth of notes to private investors.

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Kofax Acquires German E-Signature Company

Irvine-based software maker Kofax Ltd has agreed to pay $34.7 million in cash for Softpro GmbH, a German company that specializes in electronic signature software and services.

Amway Bolsters OC Operations With $42M Investment in Nutrilite

MARKETING: Manufacturing, R&D upgrades in Buena Park

Amway Corp. is expanding the Buena Park operations of its Nutrilite supplements brand with a $42 million investment for new manufacturing and research facilities.

NB Services Firm Bought by DLC

Beacon Resources LLC in Newport Beach was acquired by Woodland Hills-based professional services firm DLC on undisclosed terms.

Lake Forest Lender Taps Treasury on $100M Bond Issue

FINANCE: Proceeds pegged for community development projects

A Lake Forest-based lender primarily focused on community development has received $100 million through bond debt backed by the U.S. Department of the Treasury and targeted for use on projects in low-income and underserved areas.

Another Bank Sets Up HQ in Irvine

FINANCE: CBC buys building for move from Costa Mesa

Commercial Bank of California has moved its headquarters from Costa Mesa to a building it has purchased in Irvine.

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NB Management Consultant Acquired

Beacon Resources LLC in Newport Beach has been acquired by Woodland Hills-based professional services firm DLC.

Security Firm Grows in Anaheim, SD

Anaheim-based Firstline Security Inc. has expanded its facilities in Orange County and San Diego in line with its fast-growing business.

OC Cities Post Population Growth, Irvine Up Nearly 5%

Combine for 1% Increase To About 3 Million Residents

Orange County cities continued growing last year, combining for a net 1% increase in population to about 3 million.

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CSUF Study: OC Exports to Grow Modestly, $28B by 2015

Orange County exports are expected to grow by nearly 6% this year to reach about $26.2 billion, according to a study by California State University Fullerton’s Center for Economic Analysis and Forecasting.

Irvine Firm Builds on YouTube Business With New Unit

FINANCE: Semaphore rollout helps ‘Tubers’ brand and more

Irvine-based financial services firm Semaphore is betting on the growing field of YouTube entertainment and its increasing capacity to attract brands to advertise to the younger crowd.

Golden State Buys Again in New Zealand

Irvine-based food manufacturer and distributor Golden State Foods Corp. acquired a vegetable supplier in New Zealand on undisclosed terms.

Firms Acquire Stake in Movie Company

Two Orange County-based investment firms have partnered to acquire a majority stake in Mob Scene LLC, an entertainment marketing and production company in Beverly Hills.

Tasty Brews to Satisfy New Appetites

MANUFACTURING: Rising craft-beer sector part of US trend

Craft beer is briskly bubbling toward the surface of Orange County’s economy as a small but growing sector catering to increasing tastes for locally made food and beverages.

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OC Loses Jobs, Unemployment Rate Ticks Up

Orange County lost 13,900 jobs in July, breaking a five-month streak of job gains.

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Golden State Foods Buys Salad Supplier in NZ

Irvine-based food manufacturer and distributor Golden State Foods Corp. has acquired a vegetable supplier in New Zealand.

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OC Investors Partner in Beverly Hills Buy

Two Orange County-based investment firms have partnered to acquire a majority stake in Mob Scene LLC, an entertainment marketing and production company in Beverly Hills.

OC Training Ground for Safety Gear Maker

MANUFACTURING: Third in U.S., first on West Coast

Capital Safety, a manufacturer of height-safety equipment, is counting on its new training center in Tustin to better respond to growing demand from industry professionals in California and on the West Coast.

Confie Makes Trio of Brokerage Buys

Huntington Beach-based Confie Seguros Insurance Services Inc. acquired three brokerages to add to its growing list of offices nationwide. Terms were undisclosed for all three transactions.

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Laguna Hills Tech Company Gets $4M

OpenSignal, a technology startup in Laguna Hills, got $4 million in a recent funding round led by Qualcomm Ventures, the investment arm of San Diego-based chipmaker Qualcomm Inc.

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Confie Buys 3 Insurance Brokerages

Huntington Beach-based Confie Seguros Insurance Services Inc. has acquired three brokerages to add to its growing list of offices nationwide.

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Tustin Engineering Firm Acquired

Tustin-based engineering firm Hall & Foreman Inc. has been acquired by David Evans and Associates Inc. in Portland.

La Palma Stands Out on OC Bank Deposits*

BANKING: Further review reveals that $1.9 billion—$120K per capita—isn’t exactly all that

Wealth isn’t always what it seems.

Costa Mesa-Based Bank Expands Board

Xavier Gutierrez has joined the board of directors at Costa Mesa-based Commercial Bank of California.

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Irvine Investor Pays $35M for Insurer

Irvine-based Dhandho Holdings LP has agreed to pay $35 million for Stonetrust Commercial Mutual Insurance Holding Co. in Baton Rouge, La.

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Irvine Investor Pays $35M for Insurer

Irvine-based Dhandho Holdings LP has agreed to pay $35 million for Stonetrust Commercial Mutual Insurance Holding Co. in Baton Rouge, La.

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CalFirst Bank Posts Flat Full-Year Profit

Irvine-based California First National Bancorp reported its fiscal year-end results, including about $7.3 million in full-year profit, about the same as a year earlier.

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Profit, Loans Up for Cal Republic

California Republic Bancorp reported $3.3 million in second-quarter profit, a 14% growth from the same period last year.

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Allergan Raises Bar on Raiders With Cost Cuts, Pledge on Profits

Allergan Inc.’s promise of cost cuts and higher profits might have put the company out of its hostile suitors’ reach.

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Opus Posts Higher Loans, Lower Profit for Q2

Irvine-based Opus Bank posted $10.3 million in profit in the second quarter, down about 45% from the same period last year.

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NB Investor in $3M Deal for App Developer

Newport Beach-based private equity investor Kodiak Capital Group LLC has made a $3 million commitment to fund Eventure Interactive Inc. in Costa Mesa, a developer of social communications-oriented mobile applications.

Allergan Raises Bar on Raiders With Cost Cuts, Pledge on Profits

HEALTHCARE: Q2 report, projections put valuations well beyond $52B bid

Allergan Inc.’s promise of cost cuts and higher profits might have put the company out of its hostile suitors’ reach.

Best Companies Rise to Top With Closer Look

Annual Survey Delved Deeper With Employers, Workers

The latest batch of Orange County’s best places to work earned the distinction after a heightened research process.

Illinois Firm to Buy Food Distributor

Brea-based natural food products distributor Nature’s Best agreed to be acquired by KeHE Distributors LLC in Naperville, Ill., on undisclosed terms.

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Pacific Premier Grows Loans, Income in Q2

Irvine-based Pacific Premier Bancorp Inc. reported $4.6 million in net income for the second quarter compared with a loss of $249,000 a year earlier.

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Pac Merc Swings to Profit in Q2

Costa Mesa-based Pacific Mercantile Bancorp Inc. managed to swing to a profit in the second quarter from the same period a year earlier, notching $4,000 in earnings.

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