3G Capital is a

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

investment firm. Founded in 2004, 3G Capital evolved from the Brazilian investment office of Jorge Paulo Lemann, Carlos Alberto Sicupira, and Marcel Herrmann Telles. 3G Capital is led by Alex Behring, Co-Founder and Co-Managing Partner, and Daniel Schwartz, Co-Managing Partner. The firm is best known for its long-term investments in

Anheuser-Busch InBev Anheuser-Busch InBev SA/NV, known as AB InBev, is an American-Belgian Multinational corporation, multinational Drink industry, drink and brewing company, brewing company based in Leuven, Belgium. It is the largest brewer in the world, and in 20 ...

, Restaurant Brands International ( Burger King, Tim Hortons, Firehouse Subs, and Popeyes Louisiana Kitchen), Hunter Douglas,

Kraft Heinz The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (), is an American multinational food company formed by the merger of Kraft Foods Group, Inc. and the H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. Kraft Heinz is t ...

, and Skechers, as well as partnering with

Berkshire Hathaway Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of c ...

for its acquisitions.

Notable deals

In 2010, the company acquired Burger King for $3.3 billion, and subsequently took the company private. In June 2012, Burger King was once again listed as a publicly traded company through a $1.4 billion deal with Justice Holdings. Despite the relisting, 3G Capital retained a 71% stake of the company. In December 2014, the Canadian government approved the purchase of Tim Hortons by 3G Capital for $12.5 billion, creating Restaurant Brands International (RBI), the world's third-largest quick service restaurant company. In March 2015, 3G Capital partnered with Warren Buffett to acquire

Kraft Foods Kraft Foods Group, Inc. was an American food manufacturing and processing conglomerate (company), conglomerate, split from Kraft Foods Inc. on October 1, 2012, and was headquartered in Chicago, Illinois. It became part of Kraft Heinz on July ...

for $40 billion, and merged it with

Heinz The Kraft Heinz Foods Company, formerly the H. J. Heinz Company and commonly known as Heinz (), is an American food processing company headquartered at One PPG Place in Pittsburgh, Pennsylvania. The company was founded by Henry J. Heinz in 1869. ...

to form the world's fifth largest food company. In June 2021,

acquired Assan Foods, a Turkish company focused on sauces, for approximately $100 million. In September 2021, Kraft Heinz acquired Hemmer, a Brazilian company focused on condiments and sauces. In 2017, RBI acquired Popeyes Louisiana Kitchen, Inc. for $1.8 billion. In 2021, RBI acquired Firehouse Restaurant Group Inc. for $1.0 billion in 2021. 3G Capital Co-Managing Partner Daniel Schwartz, who also served as CFO, COO, and CEO at different times, is credited for turning around Burger King and later growing the Restaurant Brands International holding group. In December 2021, it was announced that 3G Capital was acquiring a 75% stake in Hunter Douglas, a window coverings and architectural products manufacturer. The deal was completed in February 2022, and 3G Capital Partner, João Castro Neves, was appointed Hunter Douglas Group CEO. In the fourth quarter of 2023, 3G Capital divested its 16.1% stake in Kraft Heinz. In May 2025, 3G Capital acquired Skechers for $9.42 bn.

3G Capital Portfolio

Restaurants

* Restaurant Brands International ** Burger King ** Tim Hortons ** Popeyes ** Firehouse Subs

Beverages

* AB InBev ** Anheuser-Busch ** InBev ** AmBev

Manufacturing

* Hunter Douglas

Clothing

* Skechers

References

External links

{{Hedge funds Financial services companies established in 2004 Brazilian companies established in 2004 2004 establishments in New York City Hedge fund firms in New York City Companies based in Rio de Janeiro (city) Private equity firms of Brazil Investment companies based in New York City