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Platinum Equity Merges Two Portfolio Firms

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Los Angeles-based private equity firm Platinum Equity said Tuesday that it is merging two of its portfolio firms, Pomeroy IT Solutions Inc. Platinum acquired Pomeroy in November of 2009, and acquired OAO Technology Solutions in January of 2010. Tags: acquisition merger equity platinum. and OAO Technology Solutions.

Equity 145
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Platinum Equity Sells Portfolio Firm Canvas Systems

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Los Angeles-based private equity firm Platinum Equity has sold one of its portfolio companies, Canvas Systems , a supplier of refurbished IT hardware and services. Platinum Equity had acquired Canvas Systems in April of 2009. Canvas Systems was sold to electronics distributor Avnet. READ MORE>>.

Equity 150
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IPO Market Surpasses 2008, 2009, According to Report

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A new report today released by PwC finds that the market for initial public offerings (IPOs) has jumped significantly in 2010, with volumes exceeding both 2008 and 2009 levels. PWC said that among the reasons for the surge was a return of private equity and venture capital portfolio companies using the U.S.

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CoreLogic Sells Unit to Private Equity Firm

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Santa Ana-based CoreLogic , a provider of consumer, financial and property information, analytics and services to the real estate, mortgage, and other markets, said this morning that it has soled its Employer Services and Litigation Support business to private equity firm Symphony Technology Group (STG). The deal was worth $265M in cash.

Equity 157
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CitySourced Merges With Rock Solid Technologies

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Rock Solid is owned by private equity investor Strattam Capital. CitySourced was founded in 2009, and is led by CEO Jason Kiesel. Los Angeles-based CitySourced , which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies , a provider of software to the government.

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Vance Street Capital Acquires Lark Engineering

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Los Angeles private equity investor Vance Street Capital said Monday that it has acquired Lark Engineering , a San Juan Capistrano-based designer and manufacturer of RF filters. secure communications vance street capital merger acquisition private equity lark engineering filter hardware' Sutherland & Associates. READ MORE>>.

Capital 138
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Semtech Sells Off Defense, Microwave Business

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Semtech said it sold its business to Jariet Technologies , in exchange for a minority equity interest in the new company. Semtech had originally planned to divest and shut down its defense and microwave communications business, which it had acquired as part of its buy of Sierra Monolithics in 2009. READ MORE>>.

Equity 100