WASHINGTON -- Burger King Holdings Inc., the fast-food restaurant chain controlled by private equity giants Texas Pacific Group, Bain Capital and Goldman Sachs, may raise up to $400 million in an initial public offering, according to a regulatory filing, said Reuters.
Terms have not been set for the offering expected to be lead by several leading investment banks including JPMorgan, Citigroup, Goldman, Sachs & Co., and Morgan Stanley, according to the filing with the U.S. Securities & Exchange Commission (SEC).
The company, [image-nocss] bought by the private equity firms in 2002, owns or franchises 11,141 restaurants in 67 countries and U.S. territories, the filing said.
The company earned $47 million on revenue of $1.94 billion in the year ended June 30, 2005, after earning $5 million on revenue of $1.75 billion in the year ended June 30, 2004, the filing added.
In the six months ended Dec. 31, 2005, the company earned $49 million on revenue of $1.02 billion after earning $45 million on revenue of $969 million in the same period in 2004, according to the prospectus.
Burger King's filing did not include projected 2007 earnings.Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.