Pat Maio

Reporter (Banking & Finance)

Phone: 323-556-8332

Recent Stories

Farmers & Merchants Bank Sees Profit Rise 41%

Long Beach-based Farmers & Merchants Bank said profit grew roughly 41% in the first quarter versus the same period a year earlier.

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OpenGate Sells French Skylights Division

Century City-based private equity firm OpenGate Capital has agreed to sell a division of portfolio company SMAC, a global manufacturer of waterproofing and building envelopes.

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Software Provider 3PL Central Raises $45 Million, Makes Acquisition

El Segundo-based 3PL Central, a warehouse management software provider that has seen skyrocketing sales during the Covid-19 pandemic, last week raised $45 million in financing.

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OpenGate Buys European Manufacturing Software Firm

Century City-based private equity firm OpenGate Capital has purchased Kongsberg Precision Cutting Systems from Esko-Graphics.

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Sole Source Capital Acquires 2 More Data Capture Companies

Santa Monica-based private equity firm Sole Source Capital agreed to purchase two manufacturers that specialize in automatic identification, data capture and factory automation.

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Ares Raises $1.7 Billion for Distressed Real Estate Investments

Ares Management raised more than $1.7 billion to target distressed real estate opportunities.

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Eisner-Led Group to Take Topps Public in $1.3 Billion Deal

Former Disney CEO Michael Eisner plans to take trading card company Topps Co. public through a SPAC.

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As SPAC Frenzy Grows, LA’s Private Equity Firms Scramble to Keep Up

Private equity shops, alternative asset managers and other investment firms seem to be dividing into a world of Davids and Goliaths when it comes to investing in SPACs, or special purpose acquisition companies.

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Cloudbreak’s Jamey Edwards Gives an Inside Look at SPAC Process

Private equity ties have paid off for Jamey Edwards, chief executive of Cloudbreak Health.

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Ares Pays $1.1 Billion for BrightSphere’s Landmark Partners Unit

Ares Management Corp., a Century City-based alternative asset manager, agreed to buy Landmark Partners from BrightSphere Investment Group Inc. in a $1.1 billion deal, the firms announced March 31.

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