Orange County Business Journal

Local Maritime Lawyer to Anchor London Firm in NB

LAW: Clyde & Co.’s first office in Southern California, 5th in U.S.

International maritime law specialist Clyde & Co. has established an office in Newport Beach in a bid to strengthen its presence on the West Coast.

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Universal Protection in Houston Buy

Universal Protection Service in Santa Ana has acquired Industrial Security Service Corp. in Houston on undisclosed terms.

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Maritime Law Specialist to Open NB Office

London-based international law firm Clyde & Co. is opening an office in Newport Beach.

Law Firm Expands in Move to Costa Mesa

Law firm Haynes and Boone LLP is expanding its Orange County office in a move to Costa Mesa from Irvine.

Universal Protection Security Makes Buy

Santa Ana-based Universal Protection Security Systems acquired City-Wide Electronic Systems Inc. in El Cajon on undisclosed terms.

Banks Bank More on Startups in Reviving Market

Financing Young Companies Means More Early Work

It’s a balancing act for banks in the process of determining the “bankability” of startups and early-stage companies, a niche in Orange County that’s becoming a key market for lenders and investors as the economy strengthens and opens to more entrepreneurial efforts.

Samsung Unit Plans Move to La Palma

A division of South Korea-based Samsung Group is planning to move its U.S. operations to Orange County in coming months.

Versant Leads 60% Jump in Local VC Investments

Field’s OC Deals Would Have Dropped Without It

Orange County’s top venture capital firms combined to invest $79 million in local companies last year, a 60% increase from a year earlier.

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Haynes and Boone Plans Move to Plaza Tower

Law firm Haynes and Boone LLP is expanding its Orange County office in a move to Costa Mesa from Irvine.

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Haynes and Boone Plans Move to Plaza Tower

Law firm Haynes and Boone LLP is expanding its Orange County office in a move to Costa Mesa from Irvine.

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Universal Services’ Security Unit Makes Buy

Santa Ana-based Universal Protection Security Systems has acquired City-Wide Electronic Systems Inc. in El Cajon.

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Midday Stock Roundup

The S&P 500 was up 0.02% to 1,923.86 in afternoon trading Monday.

First Foundation Nixes IPO, Cites Market

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

Bank Gets Costa Mesa Office for Growth

San Jose-based Bridge Capital Holdings has pegged Costa Mesa as a key location for growth in the Southern California region.

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Toyo Tire Names New U.S. Unit Boss

Japan-based tire manufacturer Toyo Tire & Rubber Co. has named a new head for its U.S. operations in Orange County.

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Midday Stock Roundup

The S&P 500 fell 0.09% to 1,918.42 in afternoon trading Friday.

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Bridge Bank Expands in OC

San Jose-based Bridge Capital Holdings has pegged Costa Mesa as a key location for growth in the Southern California region.

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Bridge Bank Expands in OC

San Jose-based Bridge Capital Holdings has pegged Costa Mesa as a key location for growth in the Southern California region.

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Valeant Raises Bid for Allergan

Valeant Pharmaceuticals International Inc. has added more cash to its hostile bid for Irvine-based drug maker Allergan Inc., raising the total offer to about $50 billion.

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First Foundation Cancels IPO

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

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Pimco Adds Chief Economist

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Anaheim HVAC Company in Texas Buy

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

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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.

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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.

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Anaheim HVAC Company in Texas Buy

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

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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.

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OC Unemployment Rate Drops to 5%

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

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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.

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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.

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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.

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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.

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Laguna Hills Buyout Firm Raises $115M Fund

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

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Laguna Hills Buyout Firm Raises $115M Fund

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

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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.

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.

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.

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.

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.

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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.

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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.