The investment firm 3G Capital has acquired Burger King Holdings Inc.’s for worth $3.26 billion. This is considered one of the first restaurant deals by any private equity Company.
Private equity firms these days have the hunger for earning lot of money and showing low earnings. And restaurants are the main targets.
In the month of July, Apollo Management took over CKE Restaurants Inc. by paying a whopping $694 million. Golden Gate Capital bought On the Border Mexican Grill & Cantina from Brinker International Inc. by giving around $180 million.
California Pizza Kitchen is looking for a suitable Company to take over its business.
The rumor mill is on the high that Morton's Restaurant Group, Jamba, the juice selling Company, and Dave's of America are also planning looking for suitable private organizations to handle over its business.
A Brazilian billionaire earned quite a lot of money by starting an investment bank called Banco de Investimentos Grantia. Later on, he sold it to Credit Suisse for an amount of $675 million.
He then moved from banking to beverage industry and bought a brewery AmBev. He has earned a good fortune from the business after its amalgamation with the European giant Interbrew in the year 2004.












