Behring reiterated that 3g was buying with an aim to hold, following a template that has worked for mr. We have great respect for the heinz brands, and the strong business that management and. View alex behrings profile on linkedin, the worlds largest professional community. Bill ackmans hedge fund pershing square capital management, is burger kings largest investor after 3g. Alex behring reveals his investment philosophy financial. Heinz and kraft agree to merge with warren buffetts help. The warren buffett of brazil behind the offer for unilever the new.
The new company is expected to become the worlds fifthlargest food and beverage company. Im not embarrassed to admit that heinz is run far better under 3g managing partner alex behring, chairman, and bernardo hees, ceo, than would be the case if i were in. New heinz owners berkshire, 3g capital have little in. Ceo william johnson, left, and 3g capital managing partner alex behring speak at a news conference at the world headquarters of the h. I havent read the book so i dont know but it seems to work for 3g. Head of burger king, tim hortons sees no synergy with brands ceo. Alexandre behring da costa born 1967 is a brazilian businessman. May 07, 2017 this is a transcript of a financial times interview by email with alex behring, cofounder and chief executive of 3g capital. Alex behring, managing partner at 3g capital said, bernardo is an experienced executive with an impressive track record of enhancing performance at all where he. At a september book signing in sao paulo for brazilian tennis player. Struggling burger king swallowed by 3g capital the scotsman. When the burger kingtim hortons merger is completed, alex behring, executive chairman of burger king and managing partner at 3g capital, will oversee the company as executive chairman and. This is a transcript of a financial times interview by email with alex behring, co founder and chief executive of 3g capital. Alex behring alexandre behring da costa is a brazilian businessman.
It also belies the broader philosophy of 3g capital, the private equity firm that created restaurant brands and is famous for streamlining operations. Alex behring, parter at 3g capital final thoughts 3g capitals investment in heinz is a phenomenal case study on the importance of cost management and the incredible impact that management changes can have on corporate profitability. Many observers expect he will take the same sharp knife approach 3g capital is known for. Alexandre behring da costa, cofounder at 3g capital partners. Alex behring, 3g capitals point man for heinz, did not disclose his plans at the feb.
The firm has a strong history of generating value through operational excellence, board involvement, deep sector expertise and an extensive global network. Alexandre behring, who is the managing director of 3g capital ltd. Alex behring, 3gs managing partner, is kraft heinzs chairman. Apr 16, 2016 the books states that theres 78 proven ways to cut costs dramatically. Under the terms of thursdays deal, a 46 percent premium over the companys stock price before rumors of a buyout circulated, 3g capital managing partner alex behring will. Alex behring managing partner at 3g capital greater new york city area 0 connections. Heinz and controlling shares of anheuserbusch inbev bud. Cahill said on a call with analyst that alex behring, heinzs chairman and a partner at 3g capital, first approached him at the very end of january, and that the discussions picked up steam in second half of february. Alexandre behring da costa is a brazilian businessman. See the complete profile on linkedin and discover alexs. Berkshire hathaway and private equity firm to buy heinz for. Alex behring cofounder, ceomanaging partner, and board member of 3g capital since late 2004.
Information on this website is for reference only and is not intended to distribute investment funds or to be used as a framework for taking investment decisions. He is a cofounder and managing partner at 3g capital, executive chairman of restaurant brands international, a director of anheuserbusch inbev, as well as chairman of kraft heinz. Major cutbacks are likely coming for kraft and heinz. If you want to know more about the brazilian trio behind 3g capital that bought american icons. Alex behring, 3g capital s point man for heinz, did not disclose his plans at the feb. In a meeting in late january in the chicago area, 3g managing partner alex behring met with kraft chief executive john cahill and broached the idea of a takeover, people familiar with the matter. Nov 18, 2014 alexandre behring, who is the managing director of 3g capital ltd. Six years ago, 3g capital and berkshire hathaway began to build their. Alex behring r, managing partner at 3g capital, listens to heinz chairman, president and ceo william r. Feb 14, 20 alex behring, a managing partner at 3g capital said. Head of burger king, tim hortons sees no synergy with. The founding partners of 3g capital are jorge paulo lemann, marcel telles, carlos alberto sicupira, roberto thompson, and alex behring, our managing partner, all of whom have together been investing in and operating businesses for several decades. View alexandre behring da costas professional profile on relationship science, the database of decision makers.
Aug 27, 2014 when the burger kingtim hortons merger is completed, alex behring, executive chairman of burger king and managing partner at 3g capital, will oversee the company as executive chairman and. Cochairman and board member of restaurant brands international since 3g capitals acquisition of burger king in october 2010 and following burger kings subsequent acquisition of tim hortons in december 2014. The lean and mean approach of 3g capital financial times. Alex behring, executive chairman of burger king and managing partner of 3g capital, said, by bringing together our two iconic companies. Alexandre behring, managing partner, 3g capital partners. These are iconic brands it doesnt make sense to mix and match products. Five stock picks inspired by 3g capital and buffett strategies. Kraft heinz dropped as much as 3% early tuesday after brazilian private equity firm 3g capital partners sold 25. Head of burger king, tim hortons sees no synergy with brands. Anheuserbusch inbev, restaurant brands international burger king, tim hortons. The firm is best known for implementing zerobased budgeting at its portfolio companies. This is a company thats doing extremely well as it is, he told reporters. Mr behring is something of a queijo grande in his native brazil, a veteran private equity manager.
But in a rare interview, alex behring, one of 3gs founding partners and kraft heinz chairman, tells the financial times, there is no necessity for another deal. Warren buffetts berkshire hathaway is the only firm with a greater stake in the company, holding about 26. On wednesday, 3g s managing partner, alex behring, sang the praises of mr. Many observers expect he will take the same sharp knife.
Heinz ceo bernardo hees will become ceo, alex behring, heinz chairman and managing partner at 3g capital. Alex behring, managing partner at 3g capital said, bernardo is an experienced executive with an impressive track record of enhancing performance at all where he managed a team that drove strong. Alex behring, a managing partner at 3g capital said. At the time, alex behring a founding partner of 3g was going to southern brazil to a railroad project, and he said, look, why dont you. Aug 26, 2014 alex behring, executive chairman of burger king and managing partner of 3g capital, said, by bringing together our two iconic companies under common ownership, we are creating a global qsr. It successfully squeezed spending and cut employees at other acquired companies, including anheuserbusch. We have great respect for the heinz brands, and the strong business that management and its employees operate around the world. This is a transcript of a financial times interview by email with alex behring, cofounder and chief executive of 3g capital. Buffet and 3g capital to take over heinz retail gulf news. In 3g capital, buffett finds goto partner by gelles.
We approached heinz to explore how we might work together to expand the value of. He does not appear on the forbes billionaires list. Find all the books, read about the author, and more. Brazilian billionaire trio reportedly sets up new fund, possibly to acquire allamerican brand cocacola.
Instead he is working with 3g capital, a buyout firm with brazilian roots which is the closest thing the consumergoods industry has to a miracleworker. Aug 02, 2017 in early 2015, 3g ceo alex behring started discussing a transaction with kraft ceo john cahill. Alex behring reveals his investment philosophy financial times. Berkshire hathaway and private equity firm to buy heinz. This partnership has been a key driving factor in heinzs enormous success to date and will be a key driving factor in the success of the kraft heinz company, he said.
Johnson l during a news conference to announce that. The twoway the deal would create the worlds fifthbiggest food and beverage company. Alexandre behring da costa, cofounder at 3g capital. Alexandre behring da costa is a chairman at the kraft heinz co. Im a journalist covering everything from media issues to the world of that very particular group of people who are just as rich as they are media shy. How the brazilian trio behind 3g capital jorge paulo lemann, marcel telles and beto sicupira acquired anheuserbusch, burger king and heinz by brian langisdream big by cristiane correa is a quick easy 200something pages book to read. Alex behring, managing partner at 3g capital said, we have great respect for the heinz brands and the strong business that management and its employees operate around the world. Filthy jew demons now selling us our beer incog man. Buffett while discussing the merger of heinz and kraft in a call with investors.
Two years after the merger of two food and beverage giants, shareholders are still waiting for promised benefits to fully materialize. It would bring together under one corporate roof iconic brands such as heinz. Why warren buffett loves doing deals with 3g capital less than two years in, berkshire hathaways investment in h. On wednesday, 3gs managing partner, alex behring, sang the praises of mr. Johnson l during a news conference to announce that heinz has agreed to be bought by. How kraft rolled out the welcome mat for dealhungry.
Heinz completes kraft purchase, buffett joins board. New heinz owners berkshire, 3g capital have little in common. Why warren buffett loves doing deals with 3g capital. What 3g capital did to heinz will be playbook for kraft heinz. How kraft rolled out the welcome mat for dealhungry brazilians from 3g when 3g capital partners met with kraft early this year, the investment firm was welcomed. Anheuserbusch inbev, restaurant brands international. Alexandre behring da costa is cofounder at 3g capital partners ltd. Mar 25, 2015 the direction for justannounced kraft heinz co. Jorge paulo lemanns company, 3g capital, has a record of making deals in. Buffett has only good words for 3g capital, unlike other private equity firms. Buffett has made a habit of criticizing rapacious private equity firms over the years, but 3g capital, he says, is different. Cost cutting may be in store at heinz by boselovic, len. A 3g founding partner, alex behring, is chairman of restaurant. Cofounder, ceomanaging partner, and board member of 3g capital since late 2004.
Alexandre behring, who is the managing director of. May 03, 2018 that firm, 3g capital, has been on a deal spree, taking over companies including anheuserbusch, burger king, kraft foods and h. Under the terms of thursdays deal, a 46 percent premium over the companys stock price before rumors of a buyout circulated, 3g capital managing partner alex behring will join chidsey as cochairman. In 3g capital, buffett finds goto partner by gelles, david.
That march, kraft agreed to be acquired by heinz, with 3g and berkshire holding stakes that. May 07, 2017 but in a rare interview, alex behring, one of 3gs founding partners and kraft heinz chairman, tells the financial times, there is no necessity for another deal. He is a co founder and managing partner at 3g capital, executive chairman of restaurant. Bernardo hees to be appointed chief executive officer of. Cochairman and board member of restaurant brands international since 3g capital s acquisition of burger king in october 2010 and following burger kings subsequent acquisition of tim hortons in december 2014. Alex behring, chairman of heinz and managing partner at 3g capital, will become the chairman of kraft heinz, and bernardo hees,chief executive of heinz, will be the ceo. How the brazilian trio behind 3g capital jorge paulo lemann, marcel telles and beto sicupira acquired anheuserbusch, burger king and heinz kindle edition. Theres shortterm social cost to their method but in the longrun i believe the benefits outweighs the. What 3g capital did to heinz will be playbook for kraft. Anheuserbusch inbev, restaurant brands international, kraft heinz as well as partnering with berkshire hathaway for its acquisitions. The brazilian private equity firm still owns 20% of kraft.
1028 1408 1367 930 1243 1515 1116 562 875 1560 1224 657 1219 72 336 1278 1230 616 749 722 1532 132 953 239 690 433 891 585 753 569