Orange County Business Journal

Tease photo

First Foundation Cancels IPO

Irvine-based financial services firm First Foundation Inc. has cancelled its proposed initial public offering.

Tease photo

Pimco Adds Chief Economist

Pacific Investment Management Co. has re-hired Paul McCulley to take the firm’s newly created position of chief economist.

Tease photo

Pimco Adds Chief Economist

Pacific Investment Management Co. has re-hired Paul McCulley to take the firm’s newly created position of chief economist.

Refrigeration, HVAC Firm Makes Buy

Anaheim-based Source Refrigeration & HVAC Inc. acquired Service Refrigeration Co. in Humble, Texas, on undisclosed terms.

Tease photo

Placentia Equipment Lessor Names COO

Placentia-based equipment-leasing company First Financial Corporate Services Inc. has named Brad Wheatley its chief operating officer, a newly created position.

Tease photo

Placentia Equipment Lessor Names COO

Placentia-based equipment-leasing company First Financial Corporate Services Inc. has named Brad Wheatley its chief operating officer, a newly created position.

Tease photo

Banc of CA Headed to NYSE

Irvine-based Banc of California Inc. is moving the listing of its common stock to the New York Stock Exchange from the Nasdaq.

Tease photo

Anaheim Alternative Lender Looks to Double Capacity

Anaheim-based alternative lender American Finance Solutions aims to double its funding capacity to $200 million in the next year and a half based on a recent investment from a private equity firm.

Tease photo

Anaheim Alternative Lender Looks to Double Capacity

Anaheim-based alternative lender American Finance Solutions aims to double its funding capacity to $200 million in the next year and a half based on a recent investment from a private equity firm.

Tease photo

Pimco Sets Move-In Date

Newport Beach-based bond investor Pacific Investment Management Co. has pegged May 27 as the official date for moving into its new headquarters building a few blocks away from its current home in Newport Center.

Tease photo

Anaheim HVAC Company in Texas Buy

Anaheim-based Source Refrigeration & HVAC Inc. has acquired Service Refrigeration Co. in Humble, Texas, on undisclosed terms.

Tease photo

Cancer Device Company Gets $10M

Aliso Viejo-based medical device maker Cianna Medical Inc. got a $10 million financing deal from GE Capital Health Finance Services.

Tease photo

Pimco Sets Move-In Date

Newport Beach-based bond investor Pacific Investment Management Co. has pegged May 27 as the official date for moving into its new headquarters building a few blocks away from its current home in Newport Center.

Tease photo

Anaheim HVAC Company in Texas Buy

Anaheim-based Source Refrigeration & HVAC Inc. has acquired Service Refrigeration Co. in Humble, Texas, on undisclosed terms.

Tease photo

Yakult Drink Factory Kicks Off Production

Yakult U.S.A. Inc. has begun production of its probiotic drink at its new Fountain Valley manufacturing plant.

3-Year Streak of Gains Ends for Employment Agencies Here

SERVICES: Select Staffing’s 7 OC offices combine for top spot

Orange County’s largest employment agencies collectively had $815 million in local revenue last year, a slight dip that broke a three-year streak of gains.

Multilingual Payment Service Draws Backer

Huntington Beach-based Merchant Service Group LLC has received an “eight-figure investment” from Merchants’ Choice Payment Solutions in Woodlands, Texas.

Tease photo

OC Unemployment Rate Drops to 5%

The jobless rate in Orange County fell to 5% last month, when employers here added 3,900 jobs.

Tease photo

Cymetrix Sells for $75 Million

Irvine-based Cymetrix Corp., a financial services provider specializing in hospital systems, has been acquired for about $75 million by Navigant Consulting Inc. in Chicago.

Tease photo

Cymetrix Sells for $75 Million

Irvine-based Cymetrix Corp., a financial services provider specializing in hospital systems, has been acquired for about $75 million by Navigant Consulting Inc. in Chicago.

Tease photo

Healthcare Startup Taps Chris Cox as Adviser

Newport Beach-based lifestyle healthcare company Alphaeon Corp. has tapped Chris Cox, a former member of the U.S. House of Representatives and chairman of the Securities and Exchange Commission, as an adviser to its board of directors.

Tease photo

First Foundation Sets IPO Price Range

Irvine-based financial services company First Foundation Inc. announced details for its planned initial public offering, in which it will sell about 2.2 million shares of its common stock at a price between $21 and $24 each.

Tease photo

Laguna Hills Buyout Firm Raises $115M Fund

Laguna Hills-based private equity firm Parallax Capital Partners LLC has raised a $115 million fund.

Tease photo

Laguna Hills Buyout Firm Raises $115M Fund

Laguna Hills-based private equity firm Parallax Capital Partners LLC has raised a $115 million fund.

Tease photo

First Foundation Sets IPO Price Range

Irvine-based financial services company First Foundation Inc. announced details for its planned initial public offering, in which it will sell about 2.2 million shares of its common stock at a price between $21 and $24 each.

Xerox Buys Irvine Workers’ Comp Firm

Xerox Corp. agreed to pay $225 million for ISG Holdings Inc., a workers’ compensation specialist that operates Irvine-based StrataCare LLC, its healthcare software maker.

IMC’s OC Connection

How, Why Ed Carpenter Makes Medical Relief Organization Personal Priority

It’s a world different from banking and investing, but it’s one that’s as important to Ed Carpenter as his business.

Concert Golf Continues Buying Spree

Concert Golf Partners, a Newport Beach-based golf club owner and operator, acquired MacGregor Downs Country Club in Cary, N.C. Terms of the transaction were not disclosed.

Acacia Sells Neonatal Feeding Unit

Brea-based healthcare device maker Acacia Inc. agreed to sell its neonatal feeding unit to Medela Inc., a global healthcare company that specializes in breastfeeding devices and medical suction equipment. Terms of the deal were not disclosed.

Tease photo

Irvine Workers Comp Company in Xerox Acquisition

Xerox Corp. has agreed to pay $225 million for ISG Holdings Inc., a workers compensation specialist that operates its healthcare software maker StrataCare LLC in Irvine.

Tease photo

Brea Neonatal Products Maker Sold

Brea-based healthcare device maker Acacia Inc. has agreed to sell its neonatal feeding unit to Medela Inc., a global healthcare company that specializes in breastfeeding devices and medical suction equipment.

Tease photo

NB Golf Club Investor in N.C. Buy

Concert Golf Partners, Newport Beach-based golf club owner and operator, has acquired MacGregor Downs Country Club in Cary, North Carolina.

Tease photo

NB Golf Club Investor in N.C. Buy

Concert Golf Partners, Newport Beach-based golf club owner and operator, has acquired MacGregor Downs Country Club in Cary, North Carolina.

Tease photo

NB Activist Investor Drops A&F Board Nominations

Newport Beach-based activist investor Engaged Capital LLC has agreed to drop its earlier nominations for Abercrombie & Fitch Co.’s board of directors as the clothing retailer announced its own roster of four independent directors for election.

Tease photo

Pac Merc Swings to Profit

Costa Mesa-based Pacific Mercantile Bancorp swung to a profit in the first quarter, netting $155,000 versus a loss of $3.5 million in the same quarter last year.

Instruments Maker Buys Irvine HQ

MANUFACTURING: 78,600 SF for three units, 120 workers

Precision instruments manufacturer Horiba International Corp. in coming weeks will complete an expansion to a new facility in Irvine that will serve as the headquarters for its Americas operations, with several business units that have long been in Orange County coming together under one roof.

Biggest SBA Lenders Notch 14% Increase in OC

Combine for $152.6M in Larger Pool of 265 Loans

The pace of small-business lending in Orange County jumped over the past year, according to this week’s Business Journal lists based on information from the U.S. Small Business Administration.

Tease photo

Allergan Eyeing Shire?

Irvine-based drug maker Allergan Inc. is considering a bid for Shire plc as a possible way to thwart a hostile takeover by Valeant Pharmaceuticals International Inc., according to reports.

Tease photo

Questcor Sales Up, Still Misses Estimates

Questcor Pharmaceuticals Inc. notched increases in sales and profit in the first quarter on growing demand for its flagship H.P. Acthar Gel product, the company reported on Monday after the close of the stock market.

Tease photo

Allergan Eyeing Shire?

Irvine-based drug maker Allergan Inc. is considering a bid for Shire plc as a possible way to thwart a hostile takeover by Valeant Pharmaceuticals International Inc., according to reports.

Tease photo

Questcor Sales Up, Still Misses Estimates

Questcor Pharmaceuticals Inc. notched increases in sales and profit in the first quarter on growing demand for its flagship H.P. Acthar Gel product, the company reported after the close of the stock market.

Tease photo

Opus Bank Profit, Lending Up in Q1

Irvine-based Opus Bank announced first-quarter profit of $13.3 million, up about 85% from the same period a year earlier.

Tease photo

Irvine Healthcare Startup Raises $125M

Irvine-based Alignment Healthcare LLC has raised $125 million in committed funds from General Atlantic, a global private investment firm based in Greenwich, Conn.

Deal Days

M&A Was Already Off to a Hot Start in OC This Year— Then Came the Allergan Bid

Orange County’s diverse business landscape is “helping create the wave” that could make 2014 the biggest year for mergers and acquisitions here and nationally in more than a decade.

First Foundation in Irvine Files for IPO

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

Aon Taps OC Exec for Ergonomics Post

Aon Global Risk Consulting has hired local insurance industry veteran Scott Smith for the new position of director of its Newport Beach-based ergonomics division.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.