Wednesday, September 1, 2010

Burger King Is in Talks Over Possible Sale

The status of the talks is unclear but one interested firm was 3i Group PLC, a British private-equity firm, these people said. It's uncertain whether these discussions will result in a sale.

Burger King has been a public company since 2006, but it already has passed through the hands of buyout firms. In 2002 a group led by TPG Capital LLC, Bain Capital LLC and Goldman Sachs Capital Partners bought the company for about $1.5 billion from Diageo PLC. They still own 32% of Burger King, and have significant representation on the company's board.

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