Brazilian PE Adds Ketchup to its Burgers

Brazilian PE Adds Ketchup to its Burgers

Brazil M&A

Brazilian-backed private equity firm 3G Capital has partnered with Berkshire Hathaway to purchase condiment maker HJ Heinz for $28bn, the parties say. The total value includes $5bn in assumed debt. Berkshire and 3G, a firm founded by Brazilian billionaire Jorge Paulo Lemann, are each contributing about $4bn cash to pay for the deal, with Berkshire also paying $8bn for preferred shares. The deal also includes bridge lending from JPMorgan and Wells Fargo. The buyers will pay $72.50 per share, whic

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