Los Angeles Business Journal

Matt is a finance reporter covering venture capital and private equity.

Recent Stories

Silver Lake Buys Entertainment Payroll Firm

Silver Lake Partners is increasing its focus on the silver screen.

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Lots of Sales

AUTOMOTIVE: Dealerships’ margins have taken back seat as incentives, low interest rates have revved up business.

Dealerships have been riding a steady rise in sales, but incentives and low interest rates have driven down margins.

SPECIAL REPORT: Next Window, Please

Investors who moved early to roll up community banks left slim pickings for those looking to join market.

Investors who got a jump on rolling up small banks left little for those now looking to vault into sector.

SPECIAL REPORT: Regulators Pitch Old Banks as Better Than New

Regulators still steer parties toward purchasing institutions rather than chartering new ones.

PE Roundup: Private Equity Deals Announced This Week

Santa Monica firm Clearlake Capital Group announced Tuesday that one of its portfolio companies, Chicago legal outsourcing firm Inventus Solutions Inc., has acquired Kooby, a London software development firm that focuses on e-discovery. Terms were not disclosed.

Thursday Rundown: Pot Finance Firm Makes Acquisition, Disney Box Office Tops $1 Billion

Hollywood marijuana industry finance firm Kind Financial announced Thursday that it had agreed to acquire the assets of Agrisoft Development Group, a Kansas City, Mo., company that has developed a software suite designed for the marijuana industry and its – umm – unique compliance requirements.

Wednesday Rundown: City National Report Shows Stronger California, Disney Boosts Dividend

Downtown L.A.’s City National Bank on Wednesday released its second-quarter Economy and Jobs Report, which showed California is off to a strong start in 2015.

Coalition Pulls Opposition to City National-RBC Deal

Another advocacy group has signed off on the sale of Downtown L.A.’s City National Bank to Toronto’s Royal Bank of Canada, potentially easing the deal’s approval by regulators.

Magic Johnson Enterprises Buys Life Insurance Firm

Magic Johnson Enterprises, the Beverly Hills investment firm founded by the Laker legend, announced Monday that it has completed the acquisition of a controlling stake in EquiTrust Life Insurance Co. in West Des Moines, Iowa.

Green Dot Re-Ups Vital Wal-Mart Deal

Pasadena prepaid debit card firm Green Dot Corp. announced Monday that it has signed a new five-year deal with its most important customer, Wal-Mart Stores Inc.

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