The latest reports claim that the market is abuzz with the news that Burger King is considering sale. The No. 2 hamburger chain in the US is believed to be considering the sale way and the news is rife that it is also in talks with numerous perspective buyers.
On Wednesday, a source, who claims to well versed with the developments confirmed that 3i Group Plc is one of the potential buyers and has shown interest in the burger chain.
To add fuel to the fire, the reports from the Wall Street Journal also divulged that in the recent weeks, Burger King was holding talks and discussions with the private equity firms and the agenda of the same was noted to a probable sale.
The Journal also added that the talks between Britain’s 3i Group and Burger King have been on for the past several weeks; however, the current standing and the stance is still not clear. It is speculated that despite the talks, the freezing of the sale is unlikely.
Even though, the news of the sale is rampant, both the Companies- Burger King and 3i have not given any comments related to the whole matter.
It is believed that the market capitalization of Burger King is approximately $2.3 million. Further, since the year 2006, the burger chain has been public; but at the same time it has witnessed numerous buyout firms. The previous owners of the Company were TPG, Bain Capital and Goldman Sachs and they still have a stake in the chain.