A Quick Turnaround, Minus the Turnaround
Investors would do well to ask themselves why 3G Capital is in such a hurry to put Burger King back on the public market. After all, private equity investors aren't really known for being especially generous when it comes to sharing in the success of a really good idea. The company recently announced a merger with Justice Holdings (OTCBB:JSTUF), an investment vehicle co-founded by Bill Ackman and publicly listed in London. As part of the merger, 3G Capital gets $1.4 billion in cash and maintains its majority position, but will also list the combined company on the NYSE.
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