Burger King agreed on Thursday to sell itself to the investment firm 3G Capital for about $4 billion, including the assumption of debt, marking the second time in eight years that the fast-food giant has taken itself private. The agreement on Thursday for Burger King Holdings to be acquired by a Brazilian-backed investment firm, like a deal two years ago for Anheuser-Busch that involved some of the same investors, is one of those emblematic transactions that seem to herald the emergence of a new global business player.
The growth of the Brazilian economy in recent years has created a whole new class of wealthy entrepreneurs who are looking for opportunities to invest their fortunes and are not daunted by the idea of trying their luck beyond Brazil’s borders. Traditionally, Brazilian business has been dominated by an often cautious elite based in São Paulo, the country’s industrial and financial hub. But the economic surge of the last decade has changed that.
One thing is clear, though: Brazil’s dominance in all phases of the global beef industry. The country is already the leading beef exporter and now, thanks to the Burger King deal on Thursday, it has another outlet to encourage consumption globally [Source].
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