3G Capital Sells Stake in Burger King
Maples and Calder advised Justice Holdings Limited ("Justice") a British Virgin Islands business company, publicly listed on the London Stock Exchange, on BVI law matters in connection with its business combination agreement with Burger King Worldwide Holdings, Inc. ("Burger King Worldwide"), the world's second largest fast food hamburger restaurant chain. Under the terms of the agreement 3G Capital, a global investment firm and Burger King Worldwide’s principal stockholder, will receive approximately $1.4 billion in cash and continue as the majority shareholder. The Justice shareholders and its founders will own approximately 29% of the combined company and, upon closing, it is expected that the newly formed combined company will list and commence trading on the New York Stock Exchange. Greenberg Traurig LLP advised Justice as to matters of UK and US law. The transaction was led by corporate partner, Richard May, with associates Matthew Gilbert and Ruairi Bourke assisting. US counsel for Justice was Greenberg Traurig, LLP.