Ackman Helps 3G Capital

Bill Ackman Helps 3G Capital to Bring Back Burger King

Bill Ackman, an American hedge fund manager and the founder and CEO of Pershing Square Capital Management LP, a hedge fund management company, has helped a Brazilian multi-billion dollar global investment firm 3G Capital to bring back Burger King to the public markets in 2012.

Ackman co-founded a shell company in 2011 -- Justice Holdings -- which acquired 29% of Burger King from 3G in 2012, and subsequently became Burger King Worldwide.

Burger King Worldwide then became Restaurant Brands in December when it closed its acquisition of Canadian coffee giant Tim Hortons. That acquisition was financed, in part, by Buffett's Berkshire Hathaway, which invested in the deal through a combination of preferred shares and warrants.

3G's strategy with Restaurant Brands follows the same pattern it's used on several other consumer-facing food companies in recent years, including Anheuser-Busch InBev, Heinz, and Kraft. Each time, 3G has pushed for mergers to create enormous conglomerates -- and reaped financial rewards in the process. Buffett has participated in all of them.

Source: Motley Fool

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