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Platinum Equity Bumps Offer For Electro Rent To $382M

socalTECH

Beverly Hills-based private equity investor Platinum Equity announced this morning that it has bumped its offer for Van Nuys-based Electro Rent to $15.50 According to Platinum Equity, the increased offer comes due to a receipt by Electro REnt of an unsolicited, third party acquisition proposal. per share offer.

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Clarity Partners' Lee Named Chair Of J. Paul Getty Trust

socalTECH

A local, private equity investor-- Dr. David L. Clarity Partners, based in Beverly Hills, invests in communications, media, and related technology companies. Lee , has been named chair of the board of diretors of the J. Paul Getty Trust , which runs The Getty Center, The Getty Villa, as well as other charitable efforts.

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Shackleton Equity Partners Buys SafeHarbor

socalTECH

Beverly Hills-based private equity firm Shackleton Advisors announced today that it has acquired SafeHarbor Technology , a Seattle-based provider of software for managing inbound telephone, email, and chat requests. Tags: shackleton equity partners private safeharbor merger acquisition software.

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Aviron Capital Acquires Stake In Kino Industries

socalTECH

Beverly Hills-based Aviron Capital , a consortium of financiers with primary backing from by private equity investor BlackRock, said this morning that it has acquired a "substantial equity stake" in Kino Industries , the developer of an interactive movie technology called CtrlMovie.

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RealD Names New CFO

socalTECH

Beverly Hills-based 3D movie projection system developer RealD announced on Monday that it has named Jeff Spain as the comapny's new Chief Financial Officer. RealD said that Spain has over 20 years of experience with public, venture, and private equity-backed companies. Spain was previously CFO of Rentech Inc. READ MORE>>.

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LA-based Boulevard raises $27 million for its spa management software

TechCrunch LA

They spoke with salon owners in Beverly Hills, Hollywood and other trendy neighborhoods trying to get a sense of where software and services were falling short. billion transaction by Vista Equity Partners. The two spent months pounding the pavement in Los Angeles pretending to be college students doing research on the industry.

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Flywheel Expands Into Los Angeles, Ramps Up Taxi vs. Rideshare Battle

socalTECH

The app developer--which recently raised some funding from local Los Angeles investor Craton Equity Partners--develops software which essentially provides Uber-like smartphone functionality to any taxicab company. Flywheel''s service is available across LA except Santa Monica and Beverly Hills. READ MORE>>.