M&A Deal Summary

3G Capital and Berkshire Hathaway Acquire Kraft-Heinz

On February 14, 2013, private equity firm 3G Capital and Berkshire Hathaway acquired food company Kraft-Heinz for 28.0B USD

Acquisition Highlights
  • This is 3G Capital’s 1st and Berkshire Hathaway’s 3rd transaction in the Food sector.
  • This is 3G Capital’s and Berkshire Hathaway’s 3rd largest (disclosed) transaction.
  • This is 3G Capital’s 2nd and Berkshire Hathaway’s 55th transaction in the United States.
  • This is 3G Capital’s 1st and Berkshire Hathaway’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2013-02-14
Target Kraft-Heinz
Sector Food
Buyer(s) 3G Capital
Berkshire Hathaway
Deal Type Going Private
Deal Value 28.0B USD
Advisor(s) Centerview Partners
BofA Securities (Financial)
Davis Polk & Wardwell (Legal)

Target

Kraft-Heinz

Pittsburgh, Pennsylvania, United States
website
Heinz headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
Heinz headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
Kraft-Heinz, Inc. is a US-based condiments and food processing company based in Pittsburgh, Pennsylvania. The company was formed in 1869 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 2

Buyer

3G Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

3G Capital is a global investment firm focused on 'long-term value, with a particular emphasis on maximizing the potential of brands and businesses.' The Firm looks to invest in businesses that are well-positioned for profitable, long-term growth. 3G prefers opportunities in the retail and consumer sectors. 3G Capital was formed in 2004 and is based in New York City. The Firm has an additional office in Rio de Janeiro.


DEAL STATS #
Overall 2 of 3
Sector (Food) 1 of 1
Type (Going Private) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-02 Burger King

Miami, Florida, United States

Burger King is a global chain of hamburger fast food restaurants. Burger King operates in-house restaurants as well as serves as a franchisor to thousands of independent locations around the world. Burger King was established in 1954 and is headquartered in Miami, Florida.

Buy $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Burger King

Miami, Florida, United States

Burger King is a global chain of hamburger fast food restaurants. Burger King operates in-house restaurants as well as serves as a franchisor to thousands of independent locations around the world. Burger King was established in 1954 and is headquartered in Miami, Florida.

Sell -
Buyer

Berkshire Hathaway

Omaha, Nebraska, United States

website


Category Company
Founded 1998
Sector Diversified
Employees360,000
Revenue 234.2B USD (2022)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 56 of 69
Sector (Food) 3 of 3
Type (Going Private) 1 of 1
State (Pennsylvania) 2 of 3
Country (United States) 55 of 64
Year (2013) 1 of 3
Size (of disclosed) 3 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-02 OTC Direct

Omaha, Nebraska, United States

The Oriental Trading Company is a direct marketer of party supplies, novelties, toys and children's arts and crafts, school supplies and value-priced home decor and giftware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 IMC International Metalworking Companies B.V.

Goudse Poort, Netherlands

IMC International Metalworking Companies provide a comprehensive range of tools for the full scope of metalworking applications. The group is dedicated to a philosophy of continuous improvement and innovation in all facets of its operations, including manufacturing, product development, distribution, sales, and administrative functions.

Buy $2.1B