Business briefs: Debt firm raises $740M, Doctor joins Darien practice...
Published 11:44 am, Tuesday, May 2, 2017
Portfolio Advisors created a $740 million fund to provide funding for leveraged buyouts, recapitalization transactions and growth financing, with the Norwalk-based Eaton Partners subsidiary of Stifel Financial serving as the lead placement agent.
The firm’s new PA Direct Credit Opportunities Fund II will invest in direct junior debt instruments with equity participation.
SEC bars former Darien wealth adviser
The Securities and Exchange Commission barred former Darien resident Robert N. Tricarico from acting as a financial adviser following his October conviction for defrauding the late Weston resident Emily Anderson.
Tricarico stole more than $1.2 million between 2010 and 2012. The missing assets were discovered by the managers of Anderson’s estate after her death in October 2013.
Tricarico was sentenced in October to 41 months in prison and ordered to pay full restitution.
Doctor joins Darien practice
Stamford Health Medical Group announced several new specialists joined Stamford Health’s network of aligned physicians, bringing the number of primary care physicians and specialists in the group to nearly 150.
Dr. Sujana Sunkara, who is board-certified in internal medicine, practices at 1500 Boston Post Road in Darien.
A resident of Stamford, Sunkara received her medical degree from Deccan College of Medical Sciences in India and completed her residency in internal medicine at St. Barnabas Hospital in Bronx, New York.
The Stamford Health Medical Group is a partnership of local primary care physicians, healthcare specialists and Stamford Hospital. Besides Darien, the Medical Group network has practices in Stamford, Greenwich, New Canaan, Norwalk, Bridgeport and Wilton.
To schedule an appointment with Sunkara, call 203-655-8749.
Aux Délices takes SoNo Baking site
Weeks after the SoNo Baking Co. elected to close its downtown Westport cafe at the conclusion of its lease, Aux Délices is taking the location as its second in Westport and fifth in southwestern Connecticut. In addition to Westport, Aux Délices has two locations in Greenwich and another in Darien, with the company created by Debra Ponzek serving cafe fare as well as baking specialty cakes and offering corporate catering services.
Westmed earns workplace recognition
Purchase, N.Y.-based Westmed Medical group, which has offices in Stamford, Greenwich and Darien, has been named one of the country’s “Best Workplaces in Health Care” by Great Place to Work and Fortune Magazine. Westmed ranked No. 27, based on surveys of some 88,000 employees in the industry nationwide.
Panera takes buyout
Panera Bread is being acquired JAB Holding, the investor firm behind Krispy Kreme, Keurig Green Mountain and Peet’s Coffee & Tea among other big brands, with the transaction valued at nearly $7.2 billion.
Panera is based in St. Louis and has a half-dozen locations in southwestern Connecticut, having closed bakery cafes in the past year in Norwalk, Darien and Newtown. Remaining area locations include Fairfield, Shelton, Trumbull and Westport.
Camp Invention coming to Darien
Camp Invention, a nonprofit summer enrichment camp program, is coming to Darien High School the week of July 17 through July 21.
Camp Invention is a program of the National Inventors Hall of Fame — a nonprofit organization dedicated to recognizing inventors and invention, promoting creativity, and advancing the spirit of innovation and entrepreneurship — and supported by the United States Patent and Trademark Office (USPTO). For students entering kindergarten through sixth grade, Camp Invention is a weeklong adventure that turns the summer from ordinary to extraordinary through hands-on problem solving, collaboration, and the use of science, technology, engineering and mathematics. All local Camp Invention programs are facilitated and taught by certified local educators. For information visit campinvention.org.
Activist fund pressures Whole Foods
A New York City-based equity investor has acquired a nine percent stake in Whole Foods Markets and is pressuring the company to speed the pace of attempts to revive growth and to consider potential buyers. Whole Foods disclosed that Jana Partners holds more than 28 million shares. The fund is run by billionaire investor Barry Rosenstein.
Jana is nominating directors to the board of Whole Foods, which has southwestern Connecticut stores in Greenwich, Darien, Westport, Fairfield, Milford and Danbury.
New commissioner of consumer protection chosen
Gov. Dannel P. Malloy named Michelle Seagull as the commissioner of consumer protection, putting the Harvard-educated lawyer in charge of an agency whose responsibilities include the regulation of casino gambling and the liquor and pharmaceutical industries, including medical cannabis.
Seagull, 41, who joined the Malloy administration as a deputy commissioner of consumer protection in May 2011, has been acting commissioner since the April resignation of Jonathan Harris. She previously was a partner at Axinn, Veltrop & Harkrider, specializing in unfair-trade and antitrust litigation.
Seagull lives in Glastonbury with her husband and two children.