socalTECH

APRIL 26, 2012

A report today from Bloomberg says that Providence Equity Partners , the private equity firm which owns part of Los Angeles-based Hulu , is selling its stake to the firm's other owners in a deal valuing the firm at about $2 billion.

Hulu 157

Hulu Equity Report News 157

socalTECH

MAY 6, 2014

Epicor Software , the supply chain management software company whose roots are in Orange County, has been put up for sale by private equity firm Apax Partners, according to reports Tuesday. epicor software merger acquisition private equity exit apax' billion, and has hired investment banking firm Jeffries to handle the sale.

Equity 185

Equity Orange County Software Southern California 185

socalTECH

APRIL 15, 2019

Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. Bloomberg did not name possible buyers for Perforce.

Capital 113

Capital Report Santa Monica Software Engineering 113

socalTECH

JULY 31, 2018

Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion.

Legalzoom 100

Legalzoom Equity Glendale Invest 100

socalTECH

OCTOBER 24, 2019

Santa Monica-based Fair , the subscription vehicle service lead by startup veteran Scott Painter, is laying off 40 percent of its staff, according to reports , and also is replacing its CFO. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc.

Report 100

Report Santa Monica Equity Invest 100

socalTECH

JUNE 3, 2014

billion, according to a report from the New York Times. The report cited two un-named, unauthorized sources. KKR is buying Internet Brands from current private equity owners Hellman & Friedman and JMI Equity, who paid around $640M for Internet Brands back in 2010. READ MORE>>.

Internet Brands 147

Internet Brands El Segundo Acquisition Report 147

SoCal Tech Calendar

JANUARY 11, 2013

Thursday, January 17, 2013 -- Equity Structure and Valuation: How much equity do I need to need to give to an investor? Moderated by Rochelle Nakajima, CPA and senior manager at CohnReznick. Featuring panelists: Jeffrey A.

Equity 113

Equity LAVA Los Angeles Report 113

socalTECH

MARCH 21, 2016

A new report, issued Monday, says that IPO activity has slowed significantly in Q1, with a 39 percent drop in volume and 70 percent decline in total capital raised versus Q1 of last year. The report, from Ernst & Young, said that companies are likely exploring other options or waiting for confidence to return for their IPOs.

Activity 100

Activity Report Southern California Pricing 100

L.A. Business Journal

OCTOBER 23, 2017

Scott Painter’s next auto venture secures $1 billion debt and equity funding, Air Force adds more than $40 million to SpaceX engine contract and Snap overestimates Spectacle demand leaving hundreds of thousands unsold.

Equity 100

Equity SpaceX Funding Demand 100

socalTECH

APRIL 27, 2011

Woodland Hills-based Music Reports , a provider of music royalty tracking and reporting services, said today that it has linked with cloud music provider Omnifone. The comapny said it will manage mechanical licensing and royalty reporting for Omnifone's MusicStation Platform in the United States. READ MORE>>.

Woodland Hills 198

Woodland Hills Report Equity Platform 198

socalTECH

APRIL 10, 2013

Carlsbad-based life sciences equipment maker Life Technologies has received an acquisition bid from Thermo Fisher Scientific , according to a report from Reuters. lifesciences equity private acquisition merger scientific fisher thermo technologies life' READ MORE>>.

Report 153

Report Technology Equity Acquisition 153

socalTECH

SEPTEMBER 9, 2016

A report says that Venice, California-based instant messaging app developer Snapchat has just opened up a new line of credit from Morgan Stanley. The report--from Recode--cites "multiple sources" in the report, and speculates that Snapchat is looking to avoid further shareholder dilution and equity. READ MORE>>.

Snapchat 100

Snapchat Report Venice Equity 100

socalTECH

DECEMBER 5, 2011

Los Angeles-based Music Reports , the private equity-backed firm which provides music rights administrative services, said Friday that it has made a major expansion of its employees and offices. Music Reports is backed by ABRY Partners. The company said it now has more than 100 employees. READ MORE>>.

Woodland Hills 140

Woodland Hills Report Equity Los Angeles 140

socalTECH

OCTOBER 12, 2016

Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company. READ MORE>>.

Report 100

Report Layoffs Equity Los Angeles 100

socalTECH

NOVEMBER 19, 2012

Wind turbine manufacturer Clipper Windpower is getting set to cut nearly 200 workers and shut its Carpinteria headquarters, according to a report from the Pacific Coast Business Times.

Report 147

Report Equity Santa Barbara Develop 147

socalTECH

JUNE 23, 2010

Woodland Hills-based Music Reports , the provider of music copyright, royalty accounting, and rights administration which is owned by private equity firm ABRY Partners, reported today that it is working with social music service Rdio. Music Reports is headed by Douglas J. Financial impact of the win was not disclosed.

Woodland Hills 170

Woodland Hills Report Hollywood Equity 170

Xconomy

AUGUST 16, 2017

Private equity investors have more capital at their disposal than at any time in more than a decade, which could boost prices for companies seeking acquisitions. 1, private equity firms in North America and Europe had secured $212.6 1, private equity firms in North America and Europe had secured $212.6 As of Aug. As of Aug.

Equity 69

Equity Pricing Acquisition Report 69

socalTECH

AUGUST 18, 2020

Hawthorne-based SpaceX has raised another, $1.9 billion in funding, according to Reuters , which says the funding was disclosed in regulatory filings. Source of the new funding was not announced. The new funds reportedly value SpaceX at $46 billion, according to Bloomberg.

SpaceX 113

SpaceX Report Funding Hawthorne 113

socalTECH

MAY 28, 2013

Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M. READ MORE>>. hulu streaming video merger acquisition content hollywood'

Hulu 147

Hulu Silver Lake Entertainment Report 147

socalTECH

MAY 23, 2013

Struggling electric car maker Fisker Automotive has received a bid from a group of investors, to purchase the company for a mere $20M, according to a report today. billion in a combination of equity and Department of Energy funds.

Report 147

Report Equity Acquisition Invest 147

socalTECH

JULY 12, 2012

Los Angeles-based videogame maker Activision Blizzard is on the block, with majority owner Vivendi looking to sell the video game business, according to reports this week. The article said that Time Warner, Microsoft, Chinese gaming firm Tencent, as well as a number of private equity firms have been approached about the sale.

Activision 157

Activision Report Equity Los Angeles 157

socalTECH

AUGUST 18, 2020

Hawthorne-based SpaceX has raised another, $1.9 billion in funding, according to Reuters , which says the funding was disclosed in regulatory filings. Source of the new funding was not announced. The new funds reportedly value SpaceX at $46 billion, according to Bloomberg.

SpaceX 100

SpaceX Report Funding Hawthorne 100

socalTECH

SEPTEMBER 24, 2009

The mysterious private equity firms in a bidding war for Santa Ana-based MSC Software are Vector Capital and Golden Gate Capital, according to a report from TheDeal, citing sources close to the negotiation efforts. The latest bid on MSC.Software was on Tuesday, when the undisclosed group of private equity firms offered $8.50

Equity 140

Equity Acquisition Design Report 140

socalTECH

DECEMBER 6, 2021

Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. The company also funded the acquisition of four companies for Provation, including MD-Reports, ePreop, iProcedures and endoPRO.

Capital 113

Capital Santa Monica Acquisition Equity 113

socalTECH

JUNE 19, 2012

Reports this morning say that San Diego-based ServiceNow is planning to start its IPO roadshow this week, as the firm looks to brave a post-Facebook-IPO market. According to reports , the firm expects to price its IPO as late June. The firm is venture backed by JMI Equity and Sequoia Capital. READ MORE>>.

Report 145

Report Southern California San Diego Equity 145

socalTECH

FEBRUARY 23, 2021

Hawthorne-based SpaceX confirmed a $850M fundraising in a regulatory filing on Tuesday, in an equity funding round which included 69 investors. The fundraising had been rumored to have been in process for the last month or so. The filing said the effort started on February 16th. The round reportedly values the company at $74 billion.

SpaceX 113

SpaceX Funding Hawthorne Equity 113

socalTECH

APRIL 30, 2012

Los Angeles-based Demand Media just passed up a deal to go private, according to a report over the weekend from the WSJ's AllThingsD, which says that the firm--headed by Richard Rosenblatt--ultimately decided to pass on the offer from private equity shop Thomas H. Lee Partners. Apparently, T.H. Lee offered up to $1.2 READ MORE>>.

Demand 145

Demand Media Report Google 145

socalTECH

MARCH 24, 2010

Greg Martin , the partner heading up Redpoint Ventures ' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest fundraising documents, and declined to comment on the story.

Redpoint 160

Redpoint Report Venture Capital Equity 160

socalTECH

OCTOBER 22, 2013

San Diego-based solar power financing company OneRoof Energy reports this morning that it has received an investment from GDF SUEZ Energy North America. Financial terms of the investment were not announced, hwoever, OneRoof Energy said the deal gives GDF SUEZ a minority position in the company. GDF SUEZ is a major energy company.

Invest 147

Invest Equity San Diego Venture Capital 147

socalTECH

AUGUST 26, 2021

Headspace has previously raised funding from blisce, Waverly Capital, Times Bridge, The Chernin Group, Spectrum Equity and Advancit Capital. Los Angeles-based mindfulness app developer Headspace is merging with mental health app developer Ginger, in a deal that reportedly values the combined company at around $3 billion.

Equity 113

Equity Los Angeles Report Capital 113

socalTECH

OCTOBER 24, 2011

One of the portfolio firms of Los Angeles-based venture capital firm Rustic Canyon , Trion World Network , is reportedly prepping for an IPO, according to reports over the weekend. Trion is venture backed by Act II Capital, Time Warner, Peacock Equity, Rustic Canyon, DCM and Trinity Ventures. READ MORE>>.

Rustic Canyon 140

Rustic Canyon Report San Diego Venture Capital 140

TechCrunch LA

NOVEMBER 10, 2018

Jason Rowley is a venture capital and technology reporter for Crunchbase News. These numbers are based off of reported data in Crunchbase, exclude private equity rounds and do not account for deals that may have already been closed but haven’t been publicly announced yet. Jason Rowley. Contributor. Although U.S.-based

Venture Capital 231

Venture Capital News SaaS Los Angeles 231

socalTECH

SEPTEMBER 28, 2010

According to a report today from Paidcontent.org, Santa Monica-based Rubicon Project , the online advertising firm founded by Frank Addante, is in talks with News Corp. The report cites sources close to the deal. Paidcontent reports that News Corp. would take an equity stake in post-merger Rubicon.

Report 154

Report Clearstone Santa Monica News 154

socalTECH

APRIL 8, 2019

Rock Solid is owned by private equity investor Strattam Capital. The company's app lets residents of citizens report issues, including things like potholes, graffiti, broken street lights, and more. Financial terms of the merger were not announced. CitySourced was founded in 2009, and is led by CEO Jason Kiesel.

Technology 160

Technology Equity Mobile Los Angeles 160

socalTECH

DECEMBER 15, 2010

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.

Cornerstone OnDemand 190

Cornerstone OnDemand Marketing Report Southern California 190

L.A. Business Journal

MARCH 15, 2017

ServiceTitan raises $80 million, ProducePay raises $77 million in debt and equity, and Soylent signs lease on 29,000-square-foot property.

Report 113

Report Equity 113

socalTECH

OCTOBER 10, 2017

Los Angeles-based Hippeas , which makes chickpea-based, organic food snacks, has raised another $10M in funding, according to a report today. HIPPEAS previously raised funding from such investors as Strand Equity Partners and Leonardo DiCaprio. The funding reportedly came from CAVU Venture Partners.

Organization 138

Organization Equity Report Los Angeles 138