The LABJ reports Brentwood Associates had its fill of restaurant franchisee
West L.A. private equity firm Brentwood Associates usually holds on to its investments for six years or so, reported the Los Angeles Business Journal. But it was nearly eight years before Brentwood tried to sell Pacific Island Restaurants Inc. – the sole franchisee of Pizza Hut and Tacho Bell in Hawaii, Guam and Saipan. A [...]
Youth sports social media platform thriving
Weplay CEO Lane Soelberg was brought in by 18 months ago to jumpstart the company’s advertising initiative, and the company is now thriving, reports the Los Angeles Business Journal. “Most of our relationships are strategic parterships,” Soelberg says in the article. “We spend the majority of our time looking for things that are a win [...]
Peak Corporate Network dominates California’s short sale market
Even though foreclosures have plunged since 2010, short sales are still thriving and now make up more than 20 percent of all home sales, reports the Los Angeles Business Journal. “We have a lot more competition than we used to, but there’s no business tougher than short sales. And I don’t think there’s many people [...]
Veggie Grill raises $11 million for expansion after partnering with Brentwood Associates
Santa Monica-based Veggie Grill announced that it successfully completed a third round of equity funding, raising $11 million to support the company’s ongoing expansion. Veggie Grill recently partnered with private equity firm Brentwood Associates to raise funds from new and current shareholders, as well as to supply additional funds within 18 months on pre-negotiated terms, [...]
Ernst & Young study: IPOs back to pre-recession levels
IPO activity is finally returning to pre-recession levels, according to the quarterly “U.S. IPO Pipeline” study from Ernst & Young as reported by numerous media outlets. Bruce Bigelow’s recent Xconomy article reported the number of companies in registration for an IPO in the second quarter of 2011 increased to 140, up almost 24 percent from [...]
Ernst & Young’s Numbers Add Up To Local Crown
By Joel Russell The Los Angeles Business Journal Click here to read the full article With a gain of 76 accounting professionals, Ernst & Young LLP became the largest accounting firm in Los Angeles County this year. That’s according to the Business Journal’s annual ranking of accounting firms by their number of accounting professionals in [...]
The Uruguayan Shuffle
By Charles Crumpley The Los Angeles Business Journal Click here to read the full story Ryan Citro, a valuation and business model specialist with the downtown L.A. office of Ernst & Young LLP, knew he would have some adventures when he set out on a trip to Uruguay in October and November as part of [...]
USC Has New Blueprint for Engineers
By Joel Russell Los Angeles Business Journal Click here to read the full article Yannis Yortsos wants to solve the big problems. And Fariborz Maseeh wants to solve them in a way that benefits Southern California and leads to creation of local companies. So Maseeh, a wealthy Newport Beach engineer, this week will announce a [...]
Ahmed Enany: Booster Shot
By Deborah Crowe The Los Angeles Business Journal Click here to read the full interview Entrepreneurs such as Al Mann and Patrick Soon-Shiong may be the public face of the biotech industry in Los Angeles, but industry insiders know another man as the region’s Mr. Biotech: Ahmed Enany, chief executive of the Southern California Biomedical [...]
