Banc of California completed its merger with PacWest Bancorp pursuant to which PacWest has merged into Banc of California and, as of today, Banc of California has merged into Pacific Western Bank. The combined bank will operate under the Banc of California name and brand.
Banc of California and PacWest Bancorp received the necessary stockholder approval for the proposed combination of Banc of California and PacWest at their respective special meetings of stockholders held last week.
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, sold its portfolio company Therapeutic Research Center (TRC) to Colibri Group, a portfolio company of Gridiron Capital.
Matrix Capital Markets Group, an independent investment bank, advised Coborn’s on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Station stores.
Matrix Capital Markets Group advised Springer Eubank Company and its affiliates on the sale of the company’s assets, including its travel center and convenience and gas division and its delivered fuels and fuel transport divisions, to an affiliate of Petroleum Marketing Group.
Sunlight Financial Holdings will be acquired by a consortium of established investors in the solar energy industry. As part of the process, Sunlight Financial has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
IMA Financial Group, a North American integrated financial services company, entered into a strategic partnership with Chicago-based RedRidge, expanding its suite of services for clients engaging in M&A transaction support and lender diligence.