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burger king corp. and texas pacific group - All News and Analysis

• Burger King. (In the News: Miami-Dade).(Diageo closes sale of fast-food chain)(Brief Article)

  - 2003-02-01

  British beverage giant Diageo has closed its sale of Miami-based Burger King to a consortium of investors led by Texas Pacific Group. The deal nearly fell through after the buyers balked at the $2.26 billion asking price, agreed upon last July before British beverage giant Diageo...

  Tags: Burger King Corp., Diageo Plc., Texas Pacific Group

• Texas Pacific Group, Bain Capital Partners and Goldman Sachs Capital Partners - Business Briefs - Diageo sells Burger King - Brief Article

  - 2002-12-23

  Diageo has finally sealed an agreement to sell its fast food chain Burger King and taken its final, significant step in realizing its dream of becoming a fully drinks-focused business. The company announced the sale of Burger King Corporation under revised terms to the buying group composed of Texas Pacific...

  Tags: Diageo Plc., Burger King Corp., purchase price, BainCapital LLC, Texas Pacific Group, Goldman Sachs Group Inc.

• Burger King sale closes at third-off $1.5b price - News Digests - investment group led by Texas Pacific Group acquires fast food chain - Brief Article

  - 2002-12-23

  LONDON -- Diageo PLC completed its long-delayed sale of Burger King Corp. on Dec.13 for the reduced price of $1.5 billion to a private equity buyout team led by Texas Pacific Group and including Domino's Pizza parent Bain Capital and Goldman Sachs Capital Partners.

  Tags: Burger King Corp., food, Texas Pacific Group

• Burger King sold in less than a whopper of a deal.(Diageo PLC sells Burger King Corp. to Texas Pacific Group)(Brief Article)

  - 2002-12-16

  In a $1.5 billion deal, a consortium, led by private equity investor Texas Pacific, agreed to purchase Burger King from Diageo PLC. Texas Pacific had originally agreed to pay $2.26 billion in cash in a deal struck in July, (See FOOD INSTITUTE REPORT, In a $1.5...

  Tags: Burger King Corp., Diageo Plc., Texas Pacific Group

• Y&R, Saatchi lick chops over Burger King.(News ad account is worth $300 million and could be up for review following sale to Texas Pacific Group-led consortium)

  - 2002-12-16

  Byline: KATE MACARTHUR Byline: KATE MACARTHUR

  Tags: advertisement, Burger King Corp., Texas Pacific Group

• DIAGEO LOYAL TO CHOSEN BUYER IN SELLING FAST FOOD CHAIN BURGER KING.(to sell unit to Texas Pacific Group)(Brief Article)

  - 2002-12-06

  The world number one spirits company, Diageo, says it is still in talks to sell its Burger King hamburger chain to venture capitalists Texas Pacific Group. And British based Diageo will maintain exclusivity and not seek other buyers as long as it bel The world number...

  Tags: Burger King Corp., Diageo Plc., Texas Pacific Group, Whopper

• DIAGEO FINDING IT DIFFICULT TO SELL BURGER KING.(Brief Article)

  - 2002-11-22

  British group Diageo is finding it difficult to sell its fast food chain Burger King and hopes of closing the sale before the end of the year are receding. The company said on November 18 that it is back to the drawing board for the deal with...

  Tags: Burger King Corp., Diageo Plc., information technology, Texas Pacific Group

• Drinks giant Diageo - Business Briefs - maintain equity Burger King - Texas Pacific planned purchase - Brief Article

  - 2002-11-11

  Drinks giant Diageo will maintain equity in its fast-food chain Burger King if Texas Pacific, the chain's purchaser, fails to achieve the sale price, the Sunday Times reported. Last week Diageo issued a statement warning that revenues from Burger King had deteriorated in the past three months, which has prompted...

  Tags: beverage, Burger King Corp., Diageo Plc., equity, Texas Pacific Group

• EU clears BK sale, nixes Domino's antitrust angle

  - 2002-10-21

  BRUSSELS, BELGIUM -- The European Commission, executive arm of the European Union, gave final clearance for Britain's Diageo PLC to sell Miami-based Burger King Corp. to a consortium of U.S. investment groups for $2.26 billion in cash. A potential antitrust issue in the pending sale was the participation of...

  Tags: Burger King Corp., Diageo Plc., Domino's Inc., Texas Pacific Group

• The consortium of private equity firms buying Diageo's Burger King is struggling to close the $2.26 billion deal - Business Briefs - Texas Pacific Group - Brief Article

  - 2002-10-14

  The consortium of private equity firms buying Diageo's Burger King is struggling to close the $2.26 billion deal. A consortium led by Texas Pacific Group TPG agreed to buy Burger King in July. However, the New York Times reports that the lenders backing the buyout, J.P. Morgan Chase & Co....

  Tags: Burger King Corp., consortium, Diageo Plc., private equity, Texas Pacific Group