Shares of Burger King BKC spiked on the news that 3G Capital is in advanced talks to take the company private, but a Barron's report from last year shows it doesn't have nearly the amount of cash required for such a deal.
In this report dated October 26, 2009, Barron's profiles the founders of 3G Capital, Pavel Begun and Cory Bailey.
The fund had $50 million in assets under management at the time of the report, and unless assets have severely increased in that time frame, it doesn't appear likely 3G can go at it alone to do this deal.
It would most likely be a consortium of private equity firms if 3G were to be part of a deal.
Otherwise, this is nothing more than a little sizzle to go with those delicious Burger King shakes.
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