Irvine-based Restaurant365, a cloud-based restaurant accounting software, said it’s closed an $88 million minority investment led by ICONIQ Capital, a Silicon Valley-based growth equity firm.
Mechanics Bank (OTCBB: MCHB) announced it will have two chief executives after its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group.
Chicago-based AbbVie Inc. has agreed to buy fellow pharmaceutical giant Allergan Plc for nearly $63 billion in cash and stock.
Yogurtland signed a multiunit deal with a franchisee to enter Indonesia; the frozen dessert chain already has locations in the region in Australia, Myanmar, Singapore and Thailand.
Santa Ana’s Allied Universal, the biggest private security firm in the U.S., today said it acquired a San Francisco-based firm with more than $40 million in annual sales and 1,300 employees.
Orange County’s unadjusted jobless rate fell to 2.4% in May from a revised 2.6% in April and below the year-ago estimate of 2.5%, according to the state Employment Development Department.
California could lose 43,000 jobs this year alone because of the U.S. trade war with China, the latest economic forecast from Chapman University estimates.
FINANCE: Raises $50M for venture capital fund
Byron Roth’s new venture co-founded with Green Bay Packers superstar quarterback Aaron Rodgers has closed its initial investment fund after raising $50 million.
Over 5,000 Units Underway in OC
If there’s an end in sight to Orange County’s apartment construction boom, no one told the developers.
OC Can Learn From Austin’s Venture Capital
Orange County has a big problem—if not the biggest—we are not creating enough high-paying jobs to enable more people to afford our soaring housing costs.
EDUCATION: Largest gift to namesake school
Henry and Susan Samueli last week continued their commitment to funding the region’s next generation of engineers and innovators.
REAL ESTATE: Next-door deals in Tustin; $49M
SteelWave LLC, the Foster City-based real estate investor currently heading the development of The Press creative office project in Costa Mesa, has added a pair of large buildings in Tustin—including one of the city’s recently rebuilt creative office properties—to its area portfolio.
New Analyst Sets $5 Price Target
Tustin-based Avid Bioservices Inc. (Nasdaq: CDMO), a pharmaceutical contract manufacturer that’s seen its share of change the past year, might be returning to the light as its stock gains traction, and the attention of a new analyst.
$20.5M Cash Buy of Cryogene
Cryoport Inc. (Nasdaq: CYRX), a provider of cold-chain logistics services for the biopharmaceutical industry, is a hot stock.
Event Follows New Beall Family Donation
Elliot Botvinick, Ph.D., a University of California-Irvine professor who is involved in two startups, took home the prize of Entrepreneurial Leader of the Year at UCI’s Applied Innovation’s second annual award ceremony on May 29.
Deal Will Support Growth At NB Firm, CEO Says
Newport Beach real estate data and analytics firm Green Street Advisors LLC is being sold to a New York private equity firm on undisclosed terms.
$76M for Troubled Retail Assets in UK
Pacific Investment Management Co.’s planned $1 billion initial public offering for a new real estate investment trust has been postponed for nearly a month without word on a potential reboot, but the Newport Beach investment giant is still keeping a close eye on real estate opportunities.
Goren Joins Networking Company as Legal VP
David Goren, a member of the management team that pushed Microsemi Corp.’s revenue up to $2 billion prior to its sale last year, and a confidant of that company’s former chief executive, has rejoined former colleague Paul Pickle, in a senior role at Irvine-based networking products maker Lantronix Inc. (Nasdaq: LTRX).
Susan G. Komen Orange County held its annual Pink Tie Ball on May 11 at City National Grove of Anaheim.
HEALTHCARE: Hiring for new Lake Forest HQ
It has been more than 30 years since ophthalmic device maker Staar Surgical Co. (Nasdaq: STAA) developed its first implantable lens to treat vision issues.
REAL ESTATE: Ocean West, Angelo Gordon buy
A nine-story office in the South Coast Metro area of Santa Ana has sold for $54 million, in the highest-priced investment sale in Orange County reported to date.
Henry and Susan Samueli have given more than $100 million to their namesake school of engineering—the school’s biggest donation ever—at University of California-Los Angeles.
TECHNOLOGY: $1.2B sales beats prior projection
A blockbuster merger with a Midwest competitor last summer has gone faster and better than expected, according to Irvine-based IT services provider and consulting firm Trace3 Inc.
APPAREL: Shares on downswing after Q1 report
Tilly’s Inc. (NYSE: TLYS) is feeling California’s recent record-breaking cold front.
Costelloe, Corbett Covering Tech, Healthcare
Kevin Costelloe and Alexa Corbett have joined the Orange County Business Journal as reporters.