FINANCE

EVe Mobility Launches With $250 Million IPO

Scott Painter, a prolific entrepreneur whose portfolio of current and past ventures include Santa Monica-based NextCar Holding Co. Inc., Fair Financial Corp. and TrueCar Inc., and El Segundo-based CarsDirect.com, is at it again.

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Oaktree SPAC to Merge With Pharma Company in $2B Deal

Oaktree Acquisition Corp. II will merge with Alvotech Holdings, a global biopharmaceutical company, to take the company public in the United States.

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Year Ahead Special Report: Your 2022 Roadmap

Tis the season for final planning, budget projections and preparations for the year ahead.

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2022 Year Ahead Special Report

Projects interrupted by Covid-19, supply chain delays or other issues are set to be completed next year and could significantly change the way people move through and do business in L.A. County.

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Disruptors: LA's Fastest Growing Private Companies

The fastest growing private companies in L.A. County have shown tremendous gains, not just in their revenue but also in how they innovate in their industries.

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Aspiration Reports 645% Yearly Revenue Rise in Third Quarter

Marina del Rey-based Aspiration Partners Inc. reported company record-breaking revenues in the third quarter, marking a 645% year-over-year revenue increase.

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Levine Leichtman Sells Best Lawyers Guide to Abry Partners

Beverly Hills-based equity firm Levine Leichtman Capital Partners announced Dec. 1 that it has sold BL Rankings, doing business as Best Lawyers, a well-known peer review guide for legal professionals, in a deal with the publication’s previous ownership.

CityFirstBroadway Increases Assets by Over $80 Million Post-Merger

The merger establishing CityFirstBroadway as the country’s largest Black-owned bank occurred just over half a year ago, but its leaders say the real consolidation work took a little bit longer.

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LA-Area Banks Invest to Reduce Racial Inequities

Banks in Los Angeles have invested millions and pledged billions in the last two years to advance initiatives and institutions aiming to reduce the country’s racial wealth gap, and most are signaling that the support is here to stay.

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Architect Equity Acquires Oil Field Services Firm From Spanish Company

El Segundo-based Architect Equity has acquired oil industry services firm Timec Oil & Gas, Inc. from Spanish infrastructure company Ferrovial.

L.A. County Unemployment Rate Falls to 9.4% in October

Los Angeles County’s unemployment rate fell amid a hiring surge that saw employers in the county add 41,000 payroll jobs.

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Steno Agency Receives $20 Million in Financing From Rivonia Road Capital

Steno Agency Inc. received $20 million in debt financing from Rivonia Road Capital in addition to an equity investment in its most recent fundraise.

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Miracle Mile Advisors Merger to Bolster LA Firm’s East Coast Presence

Miracle Mile Advisors merged with Castle Asset Management, bringing its total assets under management to $3 billion.

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Houlihan Lokey Expands to Asia in Blockbuster Deal

Houlihan Lokey Inc. is the biggest independent merger and acquisition advisory company on the West Coast.

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Faze Clan Merges With B. Riley SPAC

Faze Clan Inc., a Burbank-based gaming, lifestyle and media company, plans to merge with a blank check company formed by Sawtelle-based financial services company B. Riley Financial Inc.

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