News & Analysis

Burger King goes for knockdown price

Texas Pacific, Goldman Sachs and Bain Capital have paid $1.5bn for the global fast food chain, a third less than the price agreed in July.

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The protracted sale of Burger King to a consortium led by Texas Pacific Group finally completed today after the three private equity firms leading the bid agreed to pay $1.5bn for the fast food business owned by UK drinks company Diageo.

 

The price tag is just under a third below the original $2.26bn

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