Formative's Kevin McFarland (left), chief operating officer, and Craig Jones, co-founder and chief executive officer.

Software Developer Formative Raises $70 Million

Formative, a developer of software used by K-12 teachers, raised a $70 million Series A fund.
Behdad Eghbali, founder and managing partner, Clearlake Capital.

Clearlake Capital Buys Confluence Technologies

Private equity firm Clearlake Capital has acquired a majority position in software company Confluence Technologies Inc.

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K1, which plans to raise $4 billion in its latest fund, is based in Manhattan Beach.

K1 Invests $21 Million in Eltropy

Manhattan Beach-based private equity firm K1 Investment Management is making a $21 million investment in software company Eltropy Inc.
Mahi de Silva, chief executive, TrillerNet.

TrillerNet Considering IPO: Report

TrillerNet, the owner of short-form video platform Triller, might be preparing to begin trading publicly.


Beverly Hills-based private equity firm Platinum Equity has agreed to buy McGraw Hill from Apollo Global Management for $4.5 billion.

Platinum Equity to Buy McGraw Hill for $4.5 Billion

Private equity firm Platinum Equity has agreed to buy educational publisher McGraw Hill for $4.5 billion.
Platinum Equity bought a controlling stake in Singer sewing machines.

Platinum Equity to Buy Sewing Machine Maker Singer

Platinum Equity has agreed to buy a controlling stake in the manufacturer of Singer sewing machines.

Companies On The Move
People On The Move



Reader Poll

READER POLL: Should L.A. County extend the eviction moratorium, which is set to end June 30?

In This Week's Issue


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Business Owners Try to Prepare for California’s Reopening

Local businesses are welcoming California’s long-awaited June 15 reopening with tempered expectations.


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Companies Wrestle With Plans for Post-Pandemic Offices

What will office spaces look like moving forward?


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One Year Later, LA Companies Make Progress on Diversity

In the wake of social justice protests last summer, many businesses have increased their diversity, equity and inclusion efforts.


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Startup Tele911 Seeks to Enhance Emergency Response Systems

Tele911 Inc. seeks to provide a telehealth platform that allows paramedics at the scene to consult with physicians.


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Ports of LA, Long Beach Prep for Another Record Year

Both the Port of Los Angeles and the Port of Long Beach are prepping for what could be another record-setting year.


Latest Local News

Formative's Kevin McFarland (left), chief operating officer, and Craig Jones, co-founder and chief executive officer.

Software Developer Formative Raises $70 Million

Formative, a developer of software used by K-12 teachers, raised a $70 million Series A fund.
Behdad Eghbali, founder and managing partner, Clearlake Capital.

Clearlake Capital Buys Confluence Technologies

Private equity firm Clearlake Capital has acquired a majority position in software company Confluence Technologies Inc.

People On The Move
K1, which plans to raise $4 billion in its latest fund, is based in Manhattan Beach.

K1 Invests $21 Million in Eltropy

Manhattan Beach-based private equity firm K1 Investment Management is making a $21 million investment in software company Eltropy Inc.
Events
The Los Angeles Business Journal is excited to host the 2021 Women’s Leadership Series & Awards throughout the month of June. This year’s free three-part series will provide readers with an opportunity to join in our virtual symposiums and awards event. With the goal of continuing to engage, inform, educate and inspire, this year’s panelists will cover topics of ongoing importance from leading through change and mentorship, to the road to entrepreneurship and navigating today’s work-life balance demands.
Mahi de Silva, chief executive, TrillerNet.

TrillerNet Considering IPO: Report

TrillerNet, the owner of short-form video platform Triller, might be preparing to begin trading publicly.
Reader Poll
READER POLL: Should L.A. County extend the eviction moratorium, which is set to end June 30?
Companies On The Move

Beverly Hills-based private equity firm Platinum Equity has agreed to buy McGraw Hill from Apollo Global Management for $4.5 billion.

Platinum Equity to Buy McGraw Hill for $4.5 Billion

Private equity firm Platinum Equity has agreed to buy educational publisher McGraw Hill for $4.5 billion.

Events

The Los Angeles Business Journal is excited to host the 2021 Women’s Leadership Series & Awards throughout the month of June. This year’s free three-part series will provide readers with an opportunity to join in our virtual symposiums and awards event. With the goal of continuing to engage, inform, educate and inspire, this year’s panelists will cover topics of ongoing importance from leading through change and mentorship, to the road to entrepreneurship and navigating today’s work-life balance demands.

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