3G made its name in corporate America by putting together big debt-funded M&A deals followed by major cost-cutting
Private equity firm 3G Capital sealed its first big deal since 2015, when it agreed to buy a majority stake in Netherlands blinds and window shutters maker Hunter Douglas at an enterprise value of about $7.1 billion.
Best known for its investment in the food and drinks sector through companies such as Kraft Heinz, 3G Capital will pay €175 a share to buy a 75 per cent stake in Hunter Douglas, the companies said on Friday.
Founded by Henry Sonnenberg in 1919, the Rotterdam-based maker of Luxaflex and Levolor blinds employs 23,000 people worldwide and had sales of $3.5bn last year. The Sonnenberg family will keep a 25 per cent stake in the company.
3G Capital also brought together fast-food chains Burger King and Tim Hortons in 2014 in a $11 billion deal.
Read more/Source: Reuters
