Burger King Holdings Inc. has been in talks with potential buyers in recent weeks about a possible sale of the second-largest hamburger chain, people familiar with the matter said.
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Burger King has been a public company since 2006, but it already has passed through the hands of buyout firms. In 2002 a group led by TPG Capital LLC, Bain Capital LLC and Goldman Sachs Capital Partners bought the company for about $1.5 billion from Diageo PLC. They still own 32% of Burger King, and have significant representation on the company's board.
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Today Burger King has a market capitalization of about $2.26 billion, and operates more than 12,000 restaurants around the world in more than 75 countries.
More:
The Economist
Bloomberg
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