Private Equity Firms May Have Taste For Burger King

Sep 1 2010 | 11:32am ET

It may be the King (it’s the second-largest U.S. hamburger chain, actually), but Burger King has been doing some homage in recent weeks.

The company, which has some 12,000 locations around the world, is in advanced talks to sell itself to 3G Capital, The New York Times reports. A deal could be reached within days.

3G is perhaps best known as The Children’s Investment Fund’s activist partner in the ugly proxy battle against railroad CSX Corp. 3G’s Alexandre Behring was among the dissident board nominees to win a seat on the CSX board two years ago.

Earlier, The Wall Street Journal reported that Burger King was in talks with British private equity firm 3i Group, but 3i denied any interest in the restaurant chain.

If a sale does come, it will be the second time Burger King goes through the p.e. wringer. The fast food giant was owned by a consortium led by TPG Capital, Bain Capital and Goldman Sachs Capital Partners from 2002 through 2006.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of