Orange County Business Journal

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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.

Aliso Viejo Device Maker Gets $20M

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

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.

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.

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.

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.

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.

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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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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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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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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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10 OC Billionaires on Forbes List

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

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Latham & Watkins Names New OC Managing Partner

Global law firm Latham & Watkins LLP has named Michele Johnson managing partner for its Orange County office.

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HB Insurance Brokerage Buys in Texas

Huntington Beach-based Confie Seguros Insurance Services has acquired Ida Tunnell Insurance in Marble Falls, Texas, on undisclosed terms.

Beall Foundation Gives UCI Boost on Tech Transfer

EDUCATION: $5M for center to speed up commercialization

University of California, Irvine, is creating a new campuswide center that aims to speed up commercialization of its research and support technology development.

Ahoy in Anaheim

Anaheim-based boat maker Willard Marine Inc. is “recreating itself.”

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Rutan Names Nichols Managing Partner

Cotsa Mesa-based law firm Rutan & Tucker LLP has elected Steve Nichols as its new managing partner.

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New Center for Commercialization of Research at UCI

University of California, Irvine, has announced the establishment of its Institute for Innovation, the latest in the school’s efforts to foster entrepreneurialism and technology development that will help create commercial applications for the school’s research.

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New Center for Commercialization of Research at UCI

University of California, Irvine, has announced the establishment of its Institute for Innovation, the latest in the school’s efforts to foster entrepreneurialism and technology development that will help create commercial applications for the school’s research.

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Chase to Cut 168 Jobs at OC Mortgage Unit

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

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Chase to Cut 168 Jobs at OC Mortgage Unit

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

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