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| Date | Status | Stake Acquired | Deal Price | Deal Types | Currencies Used |
| July 2002 | Completed | 100% | $1,500,000,000 | Acquisition, Leveraged Buyout (LBO), Spin-Off, Take Private | Cash |
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| Target | Buyers | Seller |
Fort Worth, Texas, United States | London, Greater London, United Kingdom |
| Deal Amount | |
| Deal Price | $1,500,000,000 |
| Enterprise Value (EV) | $1,500,000,000 |
| Financials for Target: Burger King Holdings, Inc. | Transaction Multiples | Transaction Multiples w/ Max. Contingency | |||
| Total Assets | N/A | EV / A | EV / A | ||
| Stockholder's Equity | N/A | EV / SE | EV / SE | ||
| Revenues | N/A | EV / R | EV / R | ||
| Net Income (Loss) | N/A | EV / E | EV / E | ||
| Cash Flow | N/A | EV / CF | EV / CF | ||
| EBITDA | N/A | EV / EBITDA | EV / EBITDA | ||
| Operating Income (Loss) | N/A | EV / OI | EV / OI | ||
| Deal Notes |
| A consortium of private equity firms led by Texas Pacific Group which also consisted of Bain Capital and Goldman Sachs Capital Partners, the private equity arm of U.S. investment bank Goldman Sachs acquired Burger King Holdings, Inc. The equity firms, Texas Pacific Group, Bain Capital and Goldman Sachs Capital Partners, bought Burger King for $1.5 billion. The price was reduced from the initially agreed $2.26 billion because of Burger King's financial troubles. |
| Contingency Payments | |
| Has Contingency Payment? | No |
| Termination Fees | |
| Has Termination Fee? | No |
| Business Description for Buyer: TPG Capital LP |
TPG Capital is the global buyout group of TPG, a private investment firm founded in 1992 with offices in San Francisco, London, Hong Kong, New York, Fort Worth, Washington, D.C., Melbourne, Moscow, Mumbai, Paris, Luxembourg, Beijing, Shanghai, Singapore, and Tokyo. TPG Capital has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, joint ventures, and restructurings. In March 2011, TPG Capital's parent TPG Holdings sold nearly 5% of itself to sovereign-wealth funds operated by Kuwait and Singapore. The stake purchase deals valuesd TPG Capital at about $11 billion. TPG Capital's raise of several hundred million dollars for a stake in the private equity firm's management company likely put off any plans for an IPO for TPG Capital or TPG Holdings, according to PrivCo sources inside the firm. |
| Business Description for Buyer: Goldman Sachs Private Equity |
Goldman Sachs Private Equity is a leading investor in private equity funds, is a significant co-investor in direct investments, and is an active provider of liquidity and portfolio management solutions to existing private equity investors. The Private Equity divisions of Goldman Sachs primarily make commitments to private equity funds located in the United States, the United Kingdom, continental Europe, Latin America and Asia with strategies that include leveraged buyouts, growth financings, natural resources, venture capital and distressed securities. |