Get All Access for $5/mo

Burger King & Texas Pacific Discuss Potential Leveraged Buyout <b></b>

Miami-Burger King Co. has held talks with Texas PacificGroup, a large investment concern, for a possible leveraged buyoutof the nation's second-largest fast-food chain, according toJohn Dasburg, Burger King's newly appointed president.

Dasburg offered few details, except to say that he has spokenwith the Fort Worth, Texas, firm and that any such deal would occurnext year. In an interview, he said he is also evaluating otherstrategic alternatives for the hamburger chain, including apreviously announced plan for an initial public offering of 20percent of the company. He said that offering could take place inthe first or second quarter of 2002.

Diageo PLC, parent of Burger King, has "agreed to aseparation and the form of separation must be determined,"Dasburg said. He added that he plans to issue his recommendation toDiageo and Burger King's franchisees after studying all theoptions.

Owen Blicksilver, a spokesman for Texas Pacific Group, which has$10 billion in assets under management, said he has no comment on apossible leveraged buyout, which was reported in the Miami Herald.-The Wall Street Journal

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Growing a Business

How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Wondering how long your marketing emails should be? Here's what consumers say — so you can send them exactly what they like.

By Liviu Tanase
Leadership

Tech Overload Will Destroy Your Customer Relationships. Are You Guilty of Using Too Much Tech?

Technology's value in our world is undeniable. However, there can be a point where it is ineffective and possibly counterproductive. See where it can negatively impact your product, brand, and business.

By Dustin Lemick
Devices

Clean up Your Mac Software with This $12 Family Plan, for One Week Only

Save on a program that can optimize your company's Mac computers.

By Entrepreneur Store
Business News

'Customers Haven't Returned': Kevin O'Leary Warns That More Restaurant Closures Are on the Way Due to 'Inflation Virus'

The 'Shark Tank' star spoke about restaurant culture in a post-pandemic world.

By Emily Rella
Management

Most Gen Z Workers Want This One Thing From Their Employer. Are You Providing It?

Millions of college graduates are entering the workforce, and many feel unprepared. Here's the one thing they're looking for from potential employers — and how providing it will benefit you and your business in the long run.

By Graham Glass
Operations & Logistics

How to Know It's Time to Add an HR Department

HR activities at startups are often reactive in nature instead of proactive. That leaves gaps in the system.

By Heather R. Huhman