News and Networking

• HELP WANTED: A private equity firm has identified a deal in the action sports apparel space, and is currently searching for a management team…or at least a CEO who can assemble one.

• SOLD!  A Southern California-medical device company founded by physicians has been sold for more than $75 million. He deal comes about 8 months after a prior deal to sell the firm for more than $100 million fell through.

• SOLD II! A specialized family-owned chemical company in the region has been sold for more than $50 million.

• LAWYERS NEED APPLY:  A mid-sized but highly regarded law firm with offices in Los Angeles and Orange County is seeking a trust and estate planning associate with two to five years of experience to help ease the enormous workload being shared by the firm’s T&E partners. No book of business is required or expected.

• ON THE HUNT I: A wealth management firm in Southern California is looking to acquire an asset manager in the San Diego market with an excellent reputation and at least $500 million under management.

• ON THE HUNT II: A mid-sized accounting firm in Orange County is looking to acquire sole proprietor and small CPA practices.

• LOOKING FOR A TARGET One of the executives and founder of a recreational vehicle company in the Inland Empire is looking to buy a manufacturing company, preferably one in which the business owner is retiring and is looking for a long-term payout from an experienced management team.

• FOUND: One of the executives previously highlighted in this blog has found a target, becoming a partner in a Dallas-based automotive retailer. He is still in the hunt for a beverage-related company in Southern California.

• HELP WANTED: One of Southern California’s leading distributors is looking for a CFO who can handle both expansion and sudden contraction. Company now has about $400 million in revenue, and is facing some critical growth issues.

• CAPITAL RAISE:  A medical marketing company with great traction is searching for expansion capital. The firm uses social media for lead generation for local medical providers.

• CAPITAL RAISE II:  A firm that pays people to text – while serving targeted ads to texters and text receivers – is looking to raise $2 million for expansion and the development of strategic partnerships.

• HELP WANTED: One of the top law firms in Southern California is launching a private family practice focused on the ultra-wealthy. Starting off with a team of ACTEC attorneys and three billionaire family clients, the firm to actively trying to recruit a top-tier international estate planning partner-level attorney. The firm currently has offices in the UK and China, as well as several in the US, and does extensive work in Latin America.