Appoint young executives, groom them to your liking—and save some money while you’re at it. That seems to be Brazilian private-equity firm 3G Capital Partners LP’s playbook for the companies it controls.
NYS Entity Status
NYS Filing Date
JANUARY 07, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - KOHLBERG INVESTORS VII-C, L.P.
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Original architectural features of the 1927 house include hardwood floors, high ceilings, a grand center-hall staircase, crown moldings and five working fireplaces.
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By Chronicle News Services - Monday Jul 24, 2017
Vino Volo, a boutique wine bar and shop found in airports across North America, has been acquired by Hojeij Branded Foods, an airport food and beverage operator based in Atlanta, the companies said Thursday.Vino Volo (derived from “wine flight” in Italian) has more than 40 locations at 32 airports and offers wines from around the world, tasting flights and bottles for purchase or shipping.“We are delighted to join forces with HBF,” says Vino Volo CEO Doug Tomlinson, who founded the Oakland company in 2004.With the retention of Vino Volo founder Tomlinson as president, Vino Volo will become a wholly owned subsidiary of HBF, run by Vino Volo’s current leadership team under the leadership of the HBF CEO.“Combining the forces of HBF and Vino Volo is a natural fit for both companies,” says HBF CEO Regynald G. Washington.WebMD, the online information source on health topics, announced Monday that it will be acquired by Internet Brands, a new media company controlled by global investment firm Kohlberg Kravis Roberts.According to the company, stockholders of the New York health information provider would get $66.50 per each share in cash, a 20 percent premium over the Friday closing price of $55.19.The sale comes after WebMD announced in February that the management team was working with its legal and financial advisers to explore various strategies to stay competitive.The company was founded in the mid-1990s and quickly became a prominent name in the digital space as one of the leading information providers on medical symptoms, pharmacy, drugs and physicians.WebMD’s stock jumped around 20 percent on the New York Stock Exchange in the first hour of trading after the deal was announced, a sign that investors are as optimistic as the company’s management about future prospects after the acquisition.Demand for Hasbro Inc.’s Easy-Bake, Playskool and Super Soaker brands declined in the second quarter, pushing sales below analysts’ estimates.While the company’s franchise products — Transformers, Nerf and Monopoly, among others — remained strong, the results sent shares down the most in 21 months.The taxi app Grab has been given an additional $2 billion in financing, revealing the intense competition among car services in Asia that has forced companies like Uber to take a back seat to rivals with extremely deep pockets.
- Uber investors who called it “toxic” are satisfied by plans for change
By Josh Constine - Tuesday Jun 13, 2017
Freada and Mitch Kapor broke rank with typical investor silence in the face of scandals at their portfolio companies by publicly criticizing Uber in February, saying it was “toxi” and had “a culture plagued by disrespect, exclusionary cliques, lack of diversity, and tolerance for bullying and harassment of every form.” But today, the couple who invested in Uber starting… Read More
- Mt. Sinai's new therapy dog is a mutt with a mission
By Peter D'Amato - Thursday Aug 10, 2017
Midway through his shift at Mount Sinai’s Kravis Children’s Hospital, the health system’s youngest worker was doing his rounds—on four legs. Professor Bunsen...
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- Parking Spaces That Could Make You Rich
By KATE MURPHY - Thursday Nov 2, 2017
For steady and reliable income, small investors are increasingly looking to buy parking spaces in cities where parking is limited and pricey.