Spekulatius Posted April 19, 2017 Share Posted April 19, 2017 No wonder, he likes 3G, he provides some funding and his reputation, and they do all the work. It's a great arrangement for the old fool, who would not like such a deal and the folks that make it possible? Link to comment Share on other sites More sharing options...
gfp Posted April 20, 2017 Share Posted April 20, 2017 Easy peasy, all it takes is complete trust and the ability to send tens of billions of dollars in equity on a week's notice plus unmatched access to credit markets No wonder, he likes 3G, he provides some funding and his reputation, and they do all the work. It's a great arrangement for the old fool, who would not like such a deal and the folks that make it possible? Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 11, 2017 Share Posted May 11, 2017 The lean and mean approach of 3G Capital Founding partner Alex Behring talks about the strategy transforming the beer and food industries https://www.ft.com/content/268f73e6-31a3-11e7-9555-23ef563ecf9a Link to comment Share on other sites More sharing options...
VersaillesinNY Posted June 23, 2017 Share Posted June 23, 2017 How a 36-year-old Wall Street prodigy saved Burger King http://www.businessinsider.com/how-wall-street-prodigy-daniel-schwartz-saved-burger-king-2017-6 Link to comment Share on other sites More sharing options...
Kiltacular Posted June 24, 2017 Share Posted June 24, 2017 How a 36-year-old Wall Street prodigy saved Burger King http://www.businessinsider.com/how-wall-street-prodigy-daniel-schwartz-saved-burger-king-2017-6 Good article -- thanks Link to comment Share on other sites More sharing options...
DooDiligence Posted June 27, 2017 Share Posted June 27, 2017 How a 36-year-old Wall Street prodigy saved Burger King http://www.businessinsider.com/how-wall-street-prodigy-daniel-schwartz-saved-burger-king-2017-6 Add to due diligence checklist: C-suite boots on the ground? Link to comment Share on other sites More sharing options...
gfp Posted July 29, 2021 Share Posted July 29, 2021 Update on what the 3G principals are up to recently - They have seeded a new type of activist fund managed by Munib Islam, who ran activist campaigns at Third Point for quite a while. LTS One is the name of the new fund, no outside money so far. https://www.reuters.com/business/exclusive-3g-founders-launch-investment-partnership-with-former-third-point-co-2021-07-27/ Link to comment Share on other sites More sharing options...
gfp Posted February 9, 2023 Share Posted February 9, 2023 (edited) Bloomberg has an article highlighting the 3G principals' latest troubles - https://www.bloomberg.com/news/articles/2023-02-09/americanas-crash-casts-harsh-light-on-jorge-lemann?srnd=premium https://www.reuters.com/business/retail-consumer/americanas-billionaire-shareholders-say-they-were-unaware-accounting-problems-2023-01-23/ Lojas Americanas had off balance sheet supply chain financing that was apparently hidden by previous executives. (almost $4 Billion dollars worth) Edited February 9, 2023 by gfp Link to comment Share on other sites More sharing options...
Munger_Disciple Posted February 9, 2023 Share Posted February 9, 2023 (edited) 5 hours ago, gfp said: Bloomberg has an article highlighting the 3G principals' latest troubles - https://www.bloomberg.com/news/articles/2023-02-09/americanas-crash-casts-harsh-light-on-jorge-lemann?srnd=premium https://www.reuters.com/business/retail-consumer/americanas-billionaire-shareholders-say-they-were-unaware-accounting-problems-2023-01-23/ Lojas Americanas had off balance sheet supply chain financing that was apparently hidden by previous executives. (almost $4 Billion dollars worth) Thanks for sharing. I was never a big fan of Berkshire's dalliances with 3G and I think Munger was a lot more suspicious of their methods than Buffett. Funny that these guys at 3G "idolized" neutron Jack. If you read the book Lights Out, Jack was doing borderline fraudulent things at GE pumping up its stock constantly by making up fake earnings from finance division & boosted the leverage dramatically. He also blew the whole succession thing with Immelt who was a big moron. No wonder then Lojas Americanas suffered even worse fate than GE. I think the results from 3G partnership were disappointing for Berkshire in the end. Edited February 9, 2023 by Munger_Disciple Link to comment Share on other sites More sharing options...
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