Keep pulling the thread on Alex Behring & Daniel Schwartz.
3G Capital's investment model is to raise capital with the intention of making just one investment per fund.
3G Capital's portfolio of iconic deals includes Burger King, Tim Hortons, Hunter Douglas, and Skechers.
3G Capital has a greater appreciation for businesses that own the relationship with their end customers, as they are less likely to be disintermediated.
3G Capital's investment in Restaurant Brands International has generated a return of approximately 30 times the initial capital invested.
3G Capital acquired Burger King in 2010 for approximately $1 billion in equity.
Prior to its acquisition by 3G Capital, Burger King's business in France was nonexistent; it has since grown to generate over 2 billion euros in sales.
The Kraft investment underperformed because 3G Capital did not fully appreciate the risk of its commoditized products being disintermediated by retailer private labels.
Since 3G Capital's involvement, Restaurant Brands International has grown from 12,000 restaurants to over 30,000 restaurants.
3G Capital's investment process has been refined to include a more thorough analysis of technological disruption risk, which is considered significantly higher today than 20 years ago.
Large retailers like Walmart, Amazon, and Costco are increasingly disintermediating CPG brands by leveraging their customer relationships to promote their own private label products, such as Kirkland.
3G Capital partners and co-founders are the largest investors in each of the firm's deals.
The acquisition of Hunter Douglas in 2021 was the culmination of a 15-year relationship with the company's founding family.