CALIFORNIA | LOCAL
October 12, 1999
Former Gov. Pete Wilson has been named a managing director of Pacific Capital Group, a merchant bank and investment firm, the company announced Monday. Wilson will be a member of the senior management team and will take an active leadership role in the Beverly Hills-based firm's private investment activities. "I am excited to work with a group that has provided the capital investment that has contributed to the formation and growth of so many companies," Wilson said.
July 31, 1999 |
An Orange County investment group said Friday that it completed the purchase of defaulted and foreclosed Japanese loans with a face amount of $1.7 billion from Bank of Tokyo-Mitsubishi, the world's biggest bank. Pacific Capital Investors, the 9-month-old local group, is competing with large Wall Street firms and "vulture funds" also hoping to benefit by buying bad debts in Japan at a fraction of their face value, then striking deals with the borrowers to repay them at steep discounts.
June 27, 2001 |
An investor group led by two Los Angeles-based venture capital firms agreed to buy PrimeCo PCS and its wireless operations in Chicago for an undisclosed price. The property was owned by Verizon Wireless, which had to sell the business because of federal limits on wireless licenses. The PrimeCo purchase includes a wireless license in and around Chicago and into parts of Indiana, with 34 cell phone service stores and kiosks, 400 employees and a network of 400,000 subscribers.
April 17, 2000 |
Abbott Brown, co-founder of Bermuda-based telecom behemoth Global Crossing Ltd., quit three weeks ago to devote his full energy--and about $100 million--to Ridgestone Corp., a Westwood-based venture capital firm he created in 1997. After helping the transoceanic fiber-optic company grow to 12,000 employees and a market capitalization of $40 billion, Brown says he is pining for quieter--if not greener--pastures.
October 29, 1998 |
Here are the people and companies charged by the Securities and Exchange Commission in its crackdown on illegal Internet stock promotion. The first group settled the cases, neither admitting nor denying wrongdoing. The second group of cases are pending. Settled Cases * John D. Attalienti and Barrow Street Research. * Donald A. Baillargeon (Emerging Company Report), Los Angeles. * Everett Gust and High Growth Publishing Group (Portfolio Prospects and High Growth newsletters), Costa Mesa.
May 30, 2001 |
Pacific Capital Group Inc., an investment firm headed by Global Crossing Ltd. Chairman Gary Winnick, sold 10 million shares of Global Crossing to make investments in other companies. Closely held Pacific Capital, founded by Winnick in 1985, sold the shares with a so-called collar arrangement. The collar will let the Beverly Hills-based investment company share in any future gains in the stock price while limiting exposure to a price decline.