Orange County Business Journal

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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.

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.

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.

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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.

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.

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.

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.

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.

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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.

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.

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.

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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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Job Cuts at Allergan HQ Could be Offset

Allergan Inc. said it will close three of its facilities around the U.S. and lay off about 1,500 employees over the next several months as part of a restructuring plan.

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Job Cuts at Allergan HQ Could be Offset

Allergan Inc. said it will close three of its facilities around the U.S. and lay off about 1,500 employees over the next several months as part of a restructuring plan.

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Allergan to Cut 1,500 Jobs

Allergan Inc. said it will cut about 1,500 jobs over the remainder of this year as part of a restructuring plan to save about $475 million next year.

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Brea Natural Foods Supplier Acquired

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

Irvine Firm Seeks Business Virtue in Catholic Practice

LAW: Recent combination aims for national client roster

Tim Busch and Michael Caspino have a clear growth plan in mind for their newly formed law partnership: make it the go-to firm for cases involving Roman Catholic entities nationwide.

Swiss Conglomerate Shifts Units to Irvine

A Swiss manufacturer has expanded its North American industrial piping systems division in a move from Tustin to Irvine.

Ackman Must Beat Clock to Best Pyott

HEALTHCARE: Allergan defenses run deep; CEO not targeted in board ouster

Time, it seems, is on Allergan Inc.’s side. That much started to come clear last week when activist investor Bill Ackman set off a ticking clock in the background of his hostile takeover bid for the Irvine-based drug maker.

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OC Adds Jobs, Unemployment Rate Ticks Up

The unemployment rate in Orange County rose to 5.2% even as the county added 6,700 jobs in June.

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Ensign Group Gets Four L.A. Facilities

Mission Viejo-based nursing home operator Ensign Group Inc. has agreed to acquire four care facilities in Los Angeles County from Keiro Senior HealthCare on undisclosed terms.

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Fewer VC Dollars, More OC Deals in Q2

Venture capital funding for Orange County companies dipped by 3% in the second quarter while the number of financing rounds increased.

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Beckman Coulter Acquires Siemens Unit

Brea-based laboratory instruments maker Beckman Coulter Inc. has agreed to acquire the microbiology unit of German conglomerate Siemens AG.

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CoreLogic to Close Charlotte Office

Irvine-based CoreLogic Inc. said it’s closing its Charlotte, N.C. office, cutting 46 jobs.

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Allergan Dismisses Ackman’s Move

Allergan Inc. rebuffed Bill Ackman’s latest attempt to push the Irvine-based drug maker to reconsider the value of Valeant Pharmaceuticals International Inc.’s takeover bid.

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NB Surgery Center Operator Gets $14M

Newport Beach-based surgery center operator Starpoint Health Inc. has received $14 million in a credit facility for recapitalization from Monroe Capital LLC in Chicago.

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NB Surgery Center Operator Gets $14M

Newport Beach-based surgery center operator Starpoint Health Inc. has received $14 million in a credit facility for recapitalization from Monroe Capital LLC in Chicago.

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$4.8M for Diabetes Management Startup

Laguna Hills-based Metronom Health Inc. has raised $4.8 million in seed funding, according to a filing with the Securities and Exchange Commission.

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FV Hospital Gets New COO, Local Hospitals on ‘Best’ List

Fountain Valley Regional Hospital & Medical Center has appointed Edward Littlejohn its new chief operating officer.

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3 New Execs for Santa Ana Healthcare Firm

Santa Ana-based managed-care provider Health Essentials LLC has tapped several new executives as it plans to participate in Cal MediConnect, a new initiative that aims to promote healthcare services to seniors and patients with disabilities.

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3 New Execs for Santa Ana Healthcare Firm

Santa Ana-based managed-care provider Health Essentials LLC has tapped several new executives as it plans to participate in Cal MediConnect, a new initiative that aims to promote healthcare services to seniors and patients with disabilities.

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$4.8M for Diabetes Management Startup

Laguna Hills-based Metronom Health Inc. has raised $4.8 million in seed funding, according to a filing with the Securities and Exchange Commission.

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