Reporter (Banking & Finance)
Long Beach-based Farmers & Merchants Bank said profit grew roughly 41% in the first quarter versus the same period a year earlier.
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.
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.
Century City-based private equity firm OpenGate Capital has purchased Kongsberg Precision Cutting Systems from Esko-Graphics.
Santa Monica-based private equity firm Sole Source Capital agreed to purchase two manufacturers that specialize in automatic identification, data capture and factory automation.
Ares Management raised more than $1.7 billion to target distressed real estate opportunities.
Former Disney CEO Michael Eisner plans to take trading card company Topps Co. public through a SPAC.
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.
Private equity ties have paid off for Jamey Edwards, chief executive of Cloudbreak Health.
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.