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3G Capital Exits Investment in Kraft Heinz

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Business Новости

3G Capital,Kraft Heinz,Investment

Brazilian private equity firm 3G Capital has exited its investment in Kraft Heinz, marking the end of an era. After a disastrous quarter in 2019, some investors blamed 3G's aggressive cost-cutting strategy. Warren Buffett, however, stood by 3G and Kraft Heinz. Berkshire Hathaway remains the food company's largest shareholder.

3G Capital exited its investment in Kraft Heinz last year, marking an end of an era for the Brazilian private equity firm.

The sale marks the end of an era for 3G. The firm's influence over Kraft Heinz had been dwindling in recent years as its number of board seats slipped from three to none by July 2022. Berkshire and 3G's doomed romance began on Valentine's Day in 2013 when the two firms announced they were teaming up to take Heinz private. The merger with Kraft Foods followed two years later.

 

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