Daniel Schwartz

Everything Daniel Schwartz said on any show that made the record, most notable first. Each card names its show and opens the statement there.

CAPITAL ALLOCATORS Disclosure

Schwartz: 3G Capital Only Acquires One Business Every Few Years

“We'll only buy one business every few years, but we study a lot of them.”

Daniel Schwartz May 6, 2024 ▶ 25:37 Classic Deal - Burger King by 3G Capital (EP.384)

CAPITAL ALLOCATORS Disclosure

Schwartz: 3G paid $4B for Burger King at $450M EBITDA

“We paid around four billion, and it was doing around four hundred and fifty million or so of EBITDA. Maybe a 150, hundred and seventy five million dollars of trailing capex at the time. So high 203 hundred ish of unlevered free cash flow.”

Daniel Schwartz May 6, 2024 ▶ 32:24 Classic Deal - Burger King by 3G Capital (EP.384)

CAPITAL ALLOCATORS Assertion Not checkable as stated

Schwartz: Burger King cut 90% of FedEx costs by switching to email

“One example, many multi-million dollar FedEx budget that 90% of it converted to email instead.”

Daniel Schwartz May 6, 2024 ▶ 37:41 Classic Deal - Burger King by 3G Capital (EP.384)

CAPITAL ALLOCATORS Assertion Supported

Schwartz: Popeyes 18x EBITDA multiple bought down to ~12x via synergies

“It's 18 times acquisition, buys down to about 12 times.”

Daniel Schwartz May 6, 2024 ▶ 58:02 Classic Deal - Burger King by 3G Capital (EP.384)

CAPITAL ALLOCATORS Assertion Supported

Schwartz: RBI has 30,000 restaurants, $40B+ sales, and $50B enterprise value

“We have 30,000 restaurants, north of forty billion in sales, fifty billion plus or minus total enterprise value.”

Daniel Schwartz May 6, 2024 ▶ 1:02:47 Classic Deal - Burger King by 3G Capital (EP.384)

CAPITAL ALLOCATORS Disclosure

Schwartz: 3G granted stock options to top 150 Burger King employees

“And so we granted sizable stock options for To top the 150 people in the organization to become owners of the business.”

Daniel Schwartz May 6, 2024 ▶ 39:24 Classic Deal - Burger King by 3G Capital (EP.384)

The other half of the tape: Daniel Schwartz's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes across the shows. 1 statement on the record names them. every mention, with the transcript →

Who brings them up most Ted Seides 1Alex Sloane 1

Statements about Daniel Schwartz, by other people (1)

CAPITAL ALLOCATORS Opinion

Seides: 3G Capital's Burger King deal is among best in PE history

“I had the great opportunity to interview the guys at three G Alex Baring and Daniel Schwartz talking both about three G and their Burger King deal, which is one of the most successful private equity deals ever.”

Ted Seides Dec 30, 2024 ▶ 12:59 Year in Review 2024 (EP.424)

Every mention by year

One line per show, most statements first. The link opens Daniel's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
INVEST LIKE THE BESTLEDGER	Co-Managing Partner, 3G Capital	1	18	86% 6/7	full record on Invest Like the Best →
CAPITAL ALLOCATORSLEDGER	Co-Managing Partner, 3G Capital	1	12	50% 2/4	full record on Capital Allocators →