Burger King, every mention

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every year anyone Ted Seides 32Daniel Schwartz 25Alex Sloane 12Matthew Dicks 3Alex Behring 2Michael Lombardi 1Matt Perelman 1Jonathan Tepper 1Jeff Hausenbold 1Florian Bartunek 1

Verbatim, from the transcripts: the passages where Burger King comes up

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Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499) Apr 27, 2026 · 19 mentions

  • ▶ 1:14 Ted Seides Alex and Matt are lifelong friends who took an unconventional path out of business school, acquiring a 23 unit Burger King franchise in North Carolina that they scaled to 1100 locations before selling it back to the franchisor.
  • ▶ 8:15 Alex Sloane But while we were there, we developed a thesis around franchise consolidation, except every franchise brand rejected us as franchisees, except for Burger King. 2 times in the scene
  • ▶ 13:29 Alex Sloane Ultimately that KFC deal didn't work out, but what we realized while building value in the Burger King business
  • ▶ 15:41 Ted Seides So before we dive into what happened with the Burger King franchises, what did you get out of going to HBS?
  • ▶ 18:11 Alex Sloane It certainly was not a one-way street up and to the right from 23 Burger Kings to 1100 and the billion dollar sale. 4 times in the scene
  • ▶ 21:25 Ted Seides What did one Burger King franchise unit look like when you bought it, and what did you do to improve it? 4 times in the scene
  • ▶ 23:47 Alex Sloane About a year into building the Burger King business, we got a call from the former CEO of Burger King who took a job running another franchise system and said, I've watched what you guys have done, providing capital, technology, data… 5 times in the scene
  • ▶ 30:44 Matt Perelman The first one being the Burger King business was ultimately a successful outcome, but I do think there is something to the, we don't get paid for a degree of difficulty.

Matthew Dicks – Storytelling Mastery (EP.477) Dec 15, 2025 · 3 mentions

Striking Oil – CrownRock by Lime Rock Capital (EP.428) Jan 20, 2025 · 1 mention

  • ▶ 4:35 Ted Seides After a recent episode of Private Equity Deals, you might also think about Three G's acquisition of Burger King.

Year in Review 2024 (EP.424) Dec 30, 2024 · 1 mention

  • ▶ 12:59 Ted Seides Then as you go through asset classes and private equity, 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…

Classic Deal - Burger King by 3G Capital (EP.384) May 6, 2024 · 51 mentions

  • ▶ 4:25 Ted Seides Three G Capital's buyout of Burger King may be the most successful private equity deal you've never heard about. 4 times in the scene
  • ▶ 13:43 Daniel Schwartz You look at Burger King, this is a business that was operating at the time we bought it in 80 plus countries. 3 times in the scene
  • ▶ 18:56 Daniel Schwartz In our world, we like those to be blended together, and I think the reason it's compelling, if you look at the history of restaurant brands and Burger King, I'd say we're willing to give people a shot, maybe a little bit earlier than they…
  • ▶ 19:23 Ted Seides Well, there's probably no better way of getting a feel for this than diving into one of these companies, so let's do that with Burger King. 14 times in the scene
  • ▶ 24:48 Daniel Schwartz In certain countries compared to what the peers had, understanding those underlying unit economics of how profitable the Burger King restaurants were compared to the peers in certain countries. 6 times in the scene
  • ▶ 29:27 Ted Seides How did you decide how to go about the approach to make the bid for the company? 5 times in the scene
  • ▶ 36:14 Daniel Schwartz As an anecdote, I mean, when we bought the business in France, there were no Burger King restaurants in France. 3 times in the scene
  • ▶ 39:35 Daniel Schwartz We also let folks who, you know, received proceeds as part of the Burger King take private transaction. 2 times in the scene
  • ▶ 47:44 Daniel Schwartz Led the work on that together with me and Alex and the team here at Three G, and we pursued the acquisition or combination together of Burger King and Tim Hortons. 4 times in the scene
  • ▶ 54:27 Daniel Schwartz As is in the case with Burger King, there was initial opportunity to run the business more efficiently. 2 times in the scene
  • ▶ 57:11 Daniel Schwartz It would be a very different transaction than Burger King and Tim's because it was much smaller. 2 times in the scene
  • ▶ 59:47 Ted Seides So what were some of the things you learned from going through it, either at Burger King, or then at Tim Hortons, and now at Popeyes, that you got more efficient at over time?
  • ▶ 1:06:20 Daniel Schwartz Trying to find the next Burger King, Ted. 2 times in the scene
  • ▶ 1:14:31 Alex Behring Well, I think to an extent we applied that at Burger King, and I think it's something that really prevents 2 times in the scene

Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27) Jan 20, 2022 · 1 mention

Jeff Housenbold – Inside Softbank Vision Fund (Capital Allocators, EP.186) Mar 29, 2021 · 1 mention

  • ▶ 6:41 Jeff Hausenbold Laundry room at an old age home, being a lifeguard, packing trucks at UPS, working at Burger King and McDonald's, and that work ethic and that ethos and the ability to resonate and be able to connect with everyone from the janitor to the…

Jonathan Tepper - Variant Perception of Capitalism (Capital Allocators, EP.110) Oct 7, 2019 · 1 mention

  • ▶ 32:48 Jonathan Tepper For example, the idea that Burger King or McDonald's might achieve a duopoly in the restaurant industry is insane.

Michael Lombardi – Leadership Through Football (Capital Allocators, EP.75) Nov 12, 2018 · 1 mention

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