Silver Lake Partners is increasing its focus on the silver screen.
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.
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.
Regulators still steer parties toward purchasing institutions rather than chartering new ones.
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.
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.
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.
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, 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.
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.
LENDING: Banc of California project part of deal to acquire Popular.
Paulina Gonzalez might be the most feared person in California banking.
INVESTMENT: Analysts expect smooth handling of Kirk Kerkorian’s estate.
Analysts expect the handling of late billionaire Kirk Kerkorian’s estate to provide little insight into the extent of his wealth.
Century City firm Ares Management announced Wednesday that its subsidiary, Ares EIF Management, along with Genesis Power in Needham, Mass., have sold the soon-to-be-built Keys Energy Center in Maryland to PSEG Power in Newark, N.J.
San Francisco merchant services firm Square Inc. is adding some star power, announcing that Lakers great and Dodgers part owner Earvin “Magic” Johnson will join the firm’s board this summer.
INVESTMENT: Ares exec’s compensation dwarfed by $113 million distributions.
Private equity firms’ compensation practice pays off in big distributions for executives.
ENTERTAINMENT: Starz speculation spurs investors to rush into Lions Gate.
Studio Lions Gate channels talk of TV deal for Starz into stock surge.
A brief encounter with tech billionaire Elon Musk three years ago wound up being financially fortuitous for David Murphy.
Westwood’s St. Cloud Capital announced Wednesday that it has made an investment in Santa Fe Springs sporting goods company Bravo Sports. The investment will support the merger of Bravo and One Industries, a San Diego biking and motorcycle sports firm majority owned by Transom Capital Group in Brentwood. Terms were not disclosed.
Private equity and debt giant Ares Management is close to acquiring fellow Century City money shop Kayne Anderson Capital Advisors, according to a report from Bloomberg.
Wednesday Rundown: Wage Hike Almost Official, Sundance Cinema Selling, Arrowhead Drug Gets ‘Orphan’ Incentives
Council OKs Wage Hike It’s almost officially official: The Los Angeles City Council has given final approval to a minimum wage hike in the city, sending the measure to the mayor’s desk.
Banc of California Inc. announced Tuesday that it is committing to create a $200 million fund that will make investments guided by community leaders, including former Los Angeles Mayor Antonio Villaraigosa.
Calpers, California’s $300 billion public employee pension fund, won’t be the toast of Wall Street this summer. On Monday, the agency announced that it plans to cut the number of external fund managers it works with by more than half, from 212 to 100, in a move designed to save on fee expenses.
REAL ESTATE: Socially conscious impact guides Bobby Turner’s new fund.
Bobby Turner discusses how he homes in on the social impact of his housing investments.
LENDING: Investment giant teams with Thorofare in pursuit of high yields.
DoubleLine rates Thorofare worthy of a partnership as it as crosses over into bridge loans.
LENDING: Borrowers can unlock big bucks while still keeping pieces at home.
The capital of media arts is becoming a center for fine arts. Galleries seem to be popping up everywhere from downtown Los Angeles to Venice to West Hollywood.
PBB Bancorp, the parent company of downtown L.A.’s Premier Business Bank, announced late Thursday that it has entered into negotiations to merge with Big Bear Lake’s First Mountain Bank.
Beverly Hills firm Levine Leichtman Capital Partners announced Tuesday that it has completed the sale of microwave component manufacturer Pacific Wave Systems Inc. in Garden Grove to Canadian telecom systems manufacturer COM DEV International Ltd. Terms of the deal were not disclosed.
Bobby Turner is buying apartments. Lots of them.
Jeffrey Gundlach certainly doesn’t believe short-term real estate loans are a bridge to nowhere.
INVESTMENT: Acquisition to boost Ryan Kavanaugh’s family office, film projects.
Film producer Ryan Kavanaugh sees a bigger role with the addition of a broker-dealer.
Thought for Food Serves Up Meal Business
From the creator of a social media platform to the founder of a bikini company, the Business Journal turns the spotlight on 20 young entrepreneurs who have gotten a jump on the business world.
TRANSPORTATION: Need for long-term solution still weighs on business owners.
Neighboring businesses fare better after LAX offers parking space for waiting cabbies.
Century City’s Breakaway Capital announced Friday that it has joined with Charlotte, N.C., firm Plexus Capital to provide $15 million in financing for IC Real Tech Inc., a Pompano Beach, Fla., video surveillance product manufacturer, which will use the money to fund the production of a new camera.
Billionaire Ryan Kavanaugh’s Relativity Media has removed two members from its board of directors after the company accused them of spreading false rumors to gain control of the firm, according to a report from the Hollywood Reporter. (http://www.hollywoodreporter.com/news/relativity-removes-pair-board-as-798350)
City of Industry teen retailer Hot Topic Inc. announced Tuesday that it has agreed to buy Geeknet Inc. in Fairfax, Va. for $122 million in cash and stock.
BIOTECH: Study finds more physicians willing to prescribe inhalable insulin.
Physicians’ willingness to prescribe MannKind’s inhalable insulin gives company shares a rush.
INVESTMENT: Firms stock up on credit in case ETF investors want out fast.
Exchange-traded funds just can’t stop reeling in assets and it’s not hard to see why.
Bridg hopes to serve up old, new customers to eateries
Bridg taps a range of customer data to serve up business strategies for restaurants.
Beverly Hills firm Levine Leichtman Capital Partners announced Wednesday that it has made an investment in Tampa, Fla., foam manufacturer Allied Aerofoam Products. Terms of the deal were not disclosed.
Some of L.A.’s wealthiest look to secure yields from assets such as corporate debt.
FINANCE: New B. Riley lending arm cares little about cash flow.
Investment Bank B. Riley sets up subsidiary to give asset-rich borrowers the credit banks can’t or won’t.
Richard Murad fields complex for son with $2 million tune-up.
Baseball facility proves a diamond-in-the-rough investment for skin care executive.
Adrian Watson had been thinking of attending the Floyd Mayweather-Manny Pacquiao fight since the matchup was first floated years ago.
Beverly Hills firm Platinum Equity announced Monday that it has completed the acquisition of acquisition of Irving, Texas, construction fastener maker PrimeSource Building Products Inc. from Japan’s Itochu Corp. Terms of the deal were not disclosed.
On Assignment Inc., the publicly traded Calabasas staffing firm, said Monday it had agreed to acquire Mid-Wilshire staffing company Creative Circle for $570 million in cash and stock. Another $30 million could be thrown into the pot if certain performance benchmarks were met.
LENDING: City National hopes concessions ease RBC merger.
City National spends time with community activist coalition to help ease union with a Canadian bank.
LENDING: East West among banks seeing more demand for loans backed by agency.
Many small businesses still find it hard to get a traditional bank loan, as tightened regulations and higher capital requirements have made lending to those companies less profitable for banks.
Berkeley’s Greenlining Institute, a nonprofit organization that advocates for economic opportunity for ethnic minority communities, has withdrawn its opposition to downtown L.A.’s City National Bank’s Community Reinvestment Act plan and proposed merger with Toronto’s Royal Bank of Canada. That should help ease the merger.
Calabasas specialty finance firm Fast A/R Funding announced Monday that it has acquired Continental Business Credit in Woodland Hills, a fellow specialty finance firm and asset-based lender. Terms of the deal were not disclosed.
FOOTWEAR: Skechers’ finance chief credits new items for record quarter.
Skechers credits its design team for stepping up and helping deliver the shoemaker’s best earnings ever.
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