Connie Loizos
In recent years, micro VC funds have become de rigueur. If Matthew Holmes and Emmanuel Tesone have their way, private equity funds may be on the same course. They've raised $9 million to roll up sub-$1 million specialty e-commerce businesses.
Pirate Bay's cofounder gets two years in prison. Google concedes that its crazy interview questions were a complete waste of time. The world's most profitable spy agency? Booz Allen. And much more!
Dolce and Gabbana are sentenced to prison. So gauche! Retired Army General Wesley Clark joins Blackstone as an advisor. And Steve Jobs ponders his legacy in a newly released, must-see video from 1994. And much more!
Economist Steven Levitt on why data needs stories. Malcolm Gladwell on the gift of doubt. And why, when it comes to New York's tech scene, Mayor Bloomberg will be a tough act to follow. And more!
Scottsdale, Az.-based DPG Investments and its affliates provided $2.25 million as part of a $2.5 million equity round raised by KAJ Hospitality, a South Dakota outfit focused on hospitality management and investments. KAJ will use the capital to acquire a Wichita, Kansas-based Holiday Inn Express.
EMCOR Group of Norwalk, Conn., has entered into an agreement to acquire RepconStrickland, which offers turnaround and specialty services to the North American refinery and petrochemical markets. EMCOR, a mechanical and electrical construction services company, is buying RepconStrickland for $455 million in cash; the money will largely go to RepconStrickland's majority shareholder, which is an affiliate of ArcLight Capital Partners, the energy-focused private equity fund.
Campbell Soup Company, based in Camden, New Jersey, is acquiring Kelsen Group A/S. The company, based in Nørre Snede, Denmark, makes baked snacks, including sweet biscuits, that are sold in 85 countries. Campbell is acquiring the company for an undisclosed amount from the Danish private equity firm Maj Invest.
General Catalyst says its executive-in-residence program is clicking, pointing to the successful sale of energy startup CLEAResult to General Atlantic.
Google clears the way to issue a new class of nonvoting stock, Whole Foods limits executive salaries to no more than 19 times the average employee, and might this be the laziest airport employee ever? And more!
Larry Ellison's fantasy island. After the crash: Driver's license, registration, cellphone, please. What New Yorkers earn for a living. And so much more!