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Private Equity

Business
CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says CT-Based Subway Announces Sale: Company Has 'Bright Future,' CEO Says
Ct-based Subway Announces Sale: Company Has 'Bright Future,' CEO Says The iconic sandwich seller Subway, which is headquartered in Connecticut, has announced its sale to a private equity firm.  The New Haven County-based fast food company, which is headquartered in Milford, announced that it will be acquired by affiliates of Roark Capital on Thursday, Aug. 24.  In a statement, Subway officials said the sale would be a "major milestone" in the company's history. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said Chief Executive Officer John Chid…

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by Ben Crnic
News
Ex-CEO From New Canaan Sentenced For $58 Million Fraud Ex-CEO From New Canaan Sentenced For $58 Million Fraud
Ex-ceo From New Canaan Sentenced For $58 Million Fraud The founder and former chief executive officer of a private equity investment firm in the region will be sent to prison in connection with a securities scheme in which federal authorities say he fraudulently induced hundreds of individuals to invest a total of approximately $58 million in two real estate funds. Fairfield County resident Eric Malley, age 51, of New Canaan was sentenced to five years in prison on Thursday, Dec. 2. In addition to the prison term, Malley was sentenced to three years of supervised release and ordered to make restitution in the amount of $33,249,822.12 and …

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by Joe Lombardi
Police & Fire
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says The death of Devon Dalio, who died in a fiery car crash into a retail store in Fairfield County, has been categorized as accidental by the state Office of the Chief Medical Examiner. Dalio, age 42, the son of billionaire hedge fund investor Ray Dalio died of smoke inhalation and thermal injuries on Thursday, Dec. 17, the M.E.’s office said Friday, Jan. 22. The office said no other information would be released regarding the crash. The crash took place at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when Dalio's 2016 Audi, drove over the parking strip…

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by Kathy Reakes