Orange County Business Journal

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Pacific Premier Grows Assets, Profits in Q1

Irvine-based Pacific Premier Bancorp Inc. reported net income of $2.6 million for the first quarter, a 33% increase from the same period a year earlier.

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Allergan Adopts Poison Pill Defense

Irvine-based drug maker Allergan Inc. has adopted a stockholder rights plan in response to a hostile takeover bid by Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman.

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Banc Buys Popular Community’s California Branches

Irvine-based Banc of California Inc. has agreed to buy the California branch network of Popular Community Bank for $5.4 million.

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Bid for Allergan Now ‘Hostile’

Valeant Pharmaceuticals International Inc. will take its bid for Allergan Inc. directly to the Irvine-based drug maker’s shareholders.

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Valeant Sets Bid at $47B

Valeant Pharmaceuticals Inc., an unsolicited suitor of Irvine-based drug maker Allergan Inc., has set its bid for the acquisition at $47 billion.

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Allergan Subject of Takeover Bid

Shares of Irvine-based drug maker Allergan Inc. jumped in after-hour trading today on reports of a takeover offer by Valeant Pharmaceuticals International Inc. and activist investor William Ackman.

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Q1 Profit Up for Cal Republic Bank

Irvine-based California Republic Bancorp announced first-quarter earnings of $3 million, compared with about $82,000 in the year-earlier period.

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First Foundation Files for IPO

Irvine-based financial services company First Foundation Inc. has filed for an initial public offering of its common stock.

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HB Tray Manufacturer to Build Facility in N.C.

Huntington Beach-based Cambro Manufacturing, maker of plastic products for the food services industry, has announced plans to build a facility in North Carolina in an investment that’s expected to top $30 million.

CFO Role Widening, Businesses Need Help Filling It

Search Firms Busy Looking for Harder-to-Find Candidates

Executive search firms in Orange County that specialize in placing finance chiefs are getting stronger demand for their services.

Q&A: Weighing the Value of Human Capital

Reporter Jane Yu asked a group of local chief financial officers—among the latest recipients of the Business Journal’s CFO of the Year Awards—how human capital relates to corporate performance and growth. How do companies measure human capital, and how do they assess returns on investment? The CFOs also addressed their plans for human-capital investments. Here are their edited responses.

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HB Tray Manufacturer to Build Facility in N.C.

Huntington Beach-based Cambro Manufacturing, maker of plastic products for the food services industry, has announced plans to build a facility in North Carolina in an investment that’s expected to top $30 million.

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OC Jobless Rate Down to 5.8%

Orange County’s economy added 3,500 jobs in March, when the unemployment rate dipped to 5.8% from 5.9% the month prior and 6.4% a year earlier.

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Irvine Call-Center Operator Expands Into Honduras

Irvine-based call-center operator Alorica Inc. is opening an office in Honduras to support increasing business opportunities there.

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Irvine Call-Center Operator Expands Into Honduras

Irvine-based call-center operator Alorica Inc. is opening an office in Honduras to support increasing business opportunities there.

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OC Sees Rise in VC Money for Q1

Orange County companies drew $188.2 million in venture capital funding in the first quarter, a 29% increase from the year-earlier period.

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Opus Sets IPO at $30 Per Share

Opus Bank has priced its initial public offering of common stock at $30 a share.

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Opus Sets IPO at $30 Per Share

Opus Bank has priced its initial public offering of common stock at $30 a share.

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Irvine Snack Maker Brings President from Japan

Irvine-based confectionary company Ezaki Glico USA Corp. has named Shunsuke Nakai its new president.

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Plaza Bank Profit Up in Q1

Irvine-based Plaza Bank reported first-quarter net income of $1.7 million, a 36% increase from the year-earlier period.

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Irvine Snack Maker Brings President from Japan

Irvine-based confectionary company Ezaki Glico USA Corp. has named Shunsuke Nakai its new president.

New Arrival Aims to Grow on OC Lifesciences Sectors

SERVICES: Sets engineering, construction base in Irvine

IPS-Integrated Project Services Inc., a multinational engineering and construction firm, is betting on Orange County’s host of medical device and drug makers to stir business opportunities and provide a base for its West Coast expansion.

Aliso Viejo Device Maker Gets $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. raised $20 million in venture capital funding.

New Private Equity Firm Raises $10M

Recently formed private equity firm Lotus Innovations LLC has raised $10 million for its first fund, which focuses on early-stage information technology companies.

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Q1 Profit Up for Subprime Auto Lender

Shares of Irvine-based automobile financing company Consumer Portfolio Services Inc. jumped more than 8% in morning trading on an announcement of better-than-expected first-quarter financial results, reaching a market value of about $185 million.

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Pac Merc Gets New CCO

Costa Mesa-based Pacific Mercantile Bancorp has named Robert Stevens chief credit officer of the company and its Pacific Mercantile Bank subsidiary.

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Sequent Medical Raises $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. has raised $20 million in venture capital funding.

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Pac Merc Gets New CCO

Costa Mesa-based Pacific Mercantile Bancorp has named Robert Stevens chief credit officer of the company and its Pacific Mercantile Bank subsidiary.

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Questcor Agrees to $5.6B Bid

Anaheim-based Questcor Pharmaceuticals Inc. has agreed to be acquired by drug maker Mallinckrodt plc in Ireland for $5.6 billion.

SJC Manufacturer to Join NY Company

San Juan Capistrano-based network camera manufacturer IQinVision agreed to merge with Vicon Industries Inc. in Edgewood, N.Y., in an all-stock transaction.

Investor Buys Canyon Fireside Grille

Irvine-based American Restaurant Holdings Inc., an investor in restaurants and food manufacturing companies, acquired Canyon Fireside Grille on undisclosed terms.

Mortgage Lender Chooses COO for Growth Push

FINANCE: Firm aims to capitalize on industry changes

Fast-growing mortgage lender loanDepot. com LLC has tapped industry veteran and former Nationstar Mortgage LLC executive David Norris as president and chief operating officer.

Anaheim Company Plans Factory in Ohio

Anaheim-based food packaging company L&L Foods Inc. is planning to open a $3.1 million distribution facility in Wilmington, Ohio.

CSUF Index: Outlook About Flat for Q2

ECONOMY: Continues to ease off all-time high notched last year

Orange County business owners and executives enter the second quarter with a virtually unchanged outlook on the economy, according to the latest quarterly index of business expectations published by the Mihaylo College of Business and Economics at California State University-Fullerton.

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Opus Sets Price Range on IPO

Irvine-based Opus Bank has announced specifics of its plans for an initial public offering, which will include about 5.7 million shares of common stock priced between $31 and $34.

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Laguna Hills PE Firm in Deal for Video Technology Developer

Laguna Hills-based private equity firm Parallax Capital Partners LLC has joined another investor in acquiring DivX LLC in San Diego.

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Laguna Hills PE Firm in Deal for Video Technology Developer

Laguna Hills-based private equity firm Parallax Capital Partners LLC has joined another investor in acquiring DivX LLC in San Diego.

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Anaheim Food Company Plans New Ohio Facility

Anaheim-based food packaging company L&L Foods Inc. is planning to open a $3.1 million distribution facility in Wilmington, Ohio.

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SJC Camera Maker in Merger Agreement

San Juan Capistrano-based network camera manufacturer IQinVision has agreed to merge with Vicon Industries Inc. in Edgewood, N.Y. in an all-stock transaction.

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Irvine Investor Adds RSM Restaurant

Irvine-based American Restaurant Holdings Inc., an investor in restaurants and food manufacturing companies, has acquired Canyon Fireside Grille on undisclosed terms.

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SJC Camera Maker in Merger Agreement

San Juan Capistrano-based network camera manufacturer IQinVision has agreed to merge with Vicon Industries Inc. in Edgewood, N.Y. in an all-stock transaction.

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Irvine Investor Adds RSM Restaurant

Irvine-based American Restaurant Holdings Inc., an investor in restaurants and food manufacturing companies, has acquired Canyon Fireside Grille on undisclosed terms.

McKernan to Join Horatio Alger’s OC Contingent

HONORS: Auto Club chairman due in D.C. for this week’s ceremony

Life got more humbling for Thomas McKernan as this week’s Horatio Alger Award ceremony in Washington, D.C., approached.

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Pac Merc Adds Silicon Valley Vet

Costa Mesa-based Pacific Mercantile Bancorp has named former Silicon Valley Bank executive Tom Wagner as manager of the northern division of its Pacific Mercantile Bank subsidiary.

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Pac Merc Adds Silicon Valley Vet

Costa Mesa-based Pacific Mercantile Bancorp has named former Silicon Valley Bank executive Tom Wagner as manager of the northern division of its Pacific Mercantile Bank subsidiary.

Top Minority-Owned Businesses Reach $12.8B in Revenue

ECONOMY: 5.5% increase in sales; 2.2% gain on OC jobs

The biggest minority-owned businesses based in Orange County combined for $12.8 billion in revenue last year, a 5.5% increase from a year earlier.

10 OC Residents Make Top Billionaire List

Ten of Orange County’s wealthiest were named on Forbes’ latest list of top billionaires in the world.

Lawyers Benefit From Deals Uptick, Relationships

Transactions in the Billions Result From Clients’ Trust

Orange County’s merger-and-acquisition lawyers stayed busy last year with a steady flow of deals that included well-watched transactions and a good number of local businesses buying and selling.

Volume Here Bucks Nat’l Trend for 3% Jump on 310 Deals

Number of Deals Down 11% in U.S.; Total Value Up

The pace of merger-and-acquisition activity by Orange County businesses rose by about 3% in 2013, capping the year at 310 deals.

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Irell & Manella Names New Managing Partner

Los Angeles-based law firm Irell & Manella LLP has named Michael Ermer the new managing partner for its Orange County office.

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