Los Angeles Business Journal

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

Recent Stories

Tease photo

Chinese Banks Go Bicoastal

LENDING: Local duo vault into New York with pair of pickups.

Chinese-American banks put their money on the Big Apple with New York pickups.

Credit Union Faces Future With Video-Chat App

LENDING: Xceed’s staff, financial advisers will be available 24-7 next month.

While mobile banking is a godsend for those who are more likely to have a smartphone than a checkbook handy, there are certainly some people who lament losing the personal touch they get when going to a branch.

Activision to Join S&P 500

Santa Monica video game company Activision Blizzard Inc. will join the S&P 500 after the close of trading Friday, becoming the second video game publisher to join the benchmark index.

PE Roundup: Private Equity Deals Announced This Week

Beverly Hills firm Levine Leichtman Capital Partners announced Monday that it has completed the acquisition of short line railroad firm Regional Rail in Kennett Square, Pa., alongside the company’s management. Terms were not disclosed.

C.R. Laurence Acquired in $1.3 Billion Deal

Vernon glass industry supplier C.R. Laurence Co. Inc. announced Thursday that it will be acquired by Oldcastle BuildingEnvelope, a subsidiary of Irish building products giant CRH Group, for $1.3 billion in cash, subject to regulatory approval.

Medbox Founder Retires Shares, Gives Some to Charity

Medbox Inc. Founder P. Vincent Mehdizadeh is letting 13 million shares of his company go up in smoke, raising the value of those held by others.

Tease photo

Water Purifier Aims to Clean Up With Acquisitions

TECHNOLOGY: OriginClear picks up first firm despite never having turned profit.

Water purifier OriginClear looks to make a splash rolling up small players in its industry.

Optical Networking Firm Connects With Investors

COMMUNICATION: MRV’s shares soar after company reveals sale of subsidiary.

Networking firm MRV gets a line on investors after the firm announces the sale of an Italian unit.

PE Roundup: Private Equity Deals Announced This Week

Westwood firm Shamrock Capital Advisors, which began as an investment adviser for the Disney family, announced Wednesday that one of its portfolio companies, New York fantasy sports portal FanDuel, acquired New York sports analytics company NumberFire. Terms were not disclosed.

Lender Vaults Into Growth Mode With First Pickup

ACQUISITION: Preferred takes New York institution with Chinese connection.

Downtown L.A.’s Preferred Bank had never made an acquisition in its nearly 24-year history. But in a New York minute, that all changed.

More stories