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BUSINESS
January 5, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Ocean Pacific Sunwear is negotiating its sale to a San Francisco investment group, OP executives said Monday, and an agreement could come soon. The surf-wear licenser, once the giant of the industry, is involved in "substantial negotiation" with Berkeley International Capital Corp., said Michael Balmages, OP's senior executive vice president. "We are extraordinarily close to (signing) a letter of intent with them." No Berkeley representative could be reached for comment.
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BUSINESS
May 1, 1993
Ocean Pacific Sunwear Ltd., which entered U.S. Bankruptcy Court nearly a year ago, on Friday sold its remaining assets to San Francisco-based Berkeley International Capital Corp. in a deal that included $10 million in cash and an estimated $7 million in bonds. The sale previously was cleared by a U.S. Bankruptcy Court judge in Santa Ana.
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BUSINESS
January 12, 1989
Wickes Cos. of Santa Monica has sold its Yorktowne Inc. subsidiary to a group of institutional investors affiliated with Berkeley International Capital Corp. and members of Yorktowne's management.
BUSINESS
February 6, 1993 | From Times Staff and Wire Reports
Bankruptcy Judge OKs OP Sunwear Sale: A U.S. Bankruptcy Court judge in Santa Ana on Friday approved the proposed sale of Ocean Pacific Sunwear Ltd. to a San Francisco investment group. Judge James N. Barr ruled that the sale of the Irvine-based surf wear giant could go ahead with the $21-million sale to Berkeley International Capital Corp., a move that will lift the company out of bankruptcy, said OP Senior Executive Vice President Mike Balmages.
BUSINESS
May 1, 1993
Ocean Pacific Sunwear Ltd., which entered U.S. Bankruptcy Court nearly a year ago, on Friday sold its remaining assets to San Francisco-based Berkeley International Capital Corp. in a deal that included $10 million in cash and an estimated $7 million in bonds. The sale previously was cleared by a U.S. Bankruptcy Court judge in Santa Ana.
BUSINESS
February 6, 1993 | From Times Staff and Wire Reports
Bankruptcy Judge OKs OP Sunwear Sale: A U.S. Bankruptcy Court judge in Santa Ana on Friday approved the proposed sale of Ocean Pacific Sunwear Ltd. to a San Francisco investment group. Judge James N. Barr ruled that the sale of the Irvine-based surf wear giant could go ahead with the $21-million sale to Berkeley International Capital Corp., a move that will lift the company out of bankruptcy, said OP Senior Executive Vice President Mike Balmages.
BUSINESS
January 22, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Ocean Pacific Sunwear Ltd., once the king of surf apparel, said Thursday that it will be acquired by a San Francisco investment group. OP, based in Irvine, agreed to be sold by June to Berkeley International Capital Corp., a San Francisco subsidiary of Britain's Govett & Co., a financial services firm. The deal would be worth about $21 million, according to papers being filed in U.S. Bankruptcy Court in Santa Ana, which has been overseeing OP's operations since May.
BUSINESS
May 25, 1993 | From Times Staff and Wire Reports
Ocean Pacific Names CEO: Ocean Pacific Apparel Corp. announced Monday that it has appointed John Warner as its chief executive officer. Ocean Pacific Apparel was formed in April when Berkeley International Capital Corp. in San Francisco acquired the assets of Ocean Pacific Sunwear Ltd., which had been operating under bankruptcy court protection. The company, based in Tustin, licenses active sportswear under the OP label. Warner, formerly a senior merchandiser with May Co.
BUSINESS
September 30, 1998 | ROSE APODACA JONES, SPECIAL TO THE TIMES
Ocean Pacific Apparel Corp., one of the oldest and best-known surf wear brands in Southern California, said Tuesday that it has been acquired by a Bay Area investment firm. Doyle & Boissiere Fund LLC of San Francisco, a $100 million-plus investment company affiliated with Phoenix-based Finova Group, acquired an 86% stake in the Irvine surf wear maker. Terms weren't disclosed.
BUSINESS
January 22, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Ocean Pacific Sunwear Ltd., once the king of surf apparel, said Thursday that it will be acquired by a San Francisco investment group. OP, based in Irvine, agreed to be sold by June to Berkeley International Capital Corp., a San Francisco subsidiary of Britain's Govett & Co., a financial services firm. The deal would be worth about $21 million, according to papers being filed in U.S. Bankruptcy Court in Santa Ana, which has been overseeing OP's operations since May.
BUSINESS
January 5, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Ocean Pacific Sunwear is negotiating its sale to a San Francisco investment group, OP executives said Monday, and an agreement could come soon. The surf-wear licenser, once the giant of the industry, is involved in "substantial negotiation" with Berkeley International Capital Corp., said Michael Balmages, OP's senior executive vice president. "We are extraordinarily close to (signing) a letter of intent with them." No Berkeley representative could be reached for comment.
BUSINESS
January 12, 1989
Wickes Cos. of Santa Monica has sold its Yorktowne Inc. subsidiary to a group of institutional investors affiliated with Berkeley International Capital Corp. and members of Yorktowne's management.
BUSINESS
November 6, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
At least two investment groups are showing interest in buying out Ocean Pacific Sunwear Ltd., and pressure is mounting on its owners to accept an offer. While the small group that owns OP has spurned such proposals in the past, the partners may be more inclined to accept now. The company's two secured creditors, Wells Fargo Bank and Republic Factors Corp. in Los Angeles, have started court proceedings to attach the partners' personal assets.
BUSINESS
August 5, 2004 | Dawn Wotapka, Times Staff Writer
Ocean Pacific Apparel Corp., the Irvine-based clothier that once epitomized the country's surfing craze, will be acquired by Warnaco Group Inc., the companies said Wednesday. Warnaco -- the New York-based maker of Speedo swimsuits, Olga bras and Calvin Klein jeans -- will pay the investment group Doyle & Boissiere Fund I $40 million and assume $1 million in debt if regulators approve the deal. Warnaco said it was attracted to Ocean Pacific's "brand equity."
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