Daily Archives: September 3, 2010

John Gapper

Burger King’s return to private equity ownership in the hands of the Brazilian-backed 3G Capital is not a good reflection on the buyout industry’s claim to make its money by fixing companies rather than through financial engineering.

The TPG-led private equity consortium that formerly owned Burger King and then floated it in 2006 has not achieved what the industry often claims – to re-engineer a company privately in a way that gives it a long-term future in public hands.