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  • July 2022 (Revised October 2024)
  • Case
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3G Capital

By: Jo Tango and Alys Ferragamo
  • Format:Print
  • | Language:English
  • | Pages:25
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Abstract

In June 2022, 3G Capital Co-Managing Partners Alex Behring and Daniel Schwartz were in a partners’ meeting. On the agenda were three potential investments. Code named “Alpha,” “Bravo,” and “Charlie” (real target companies that have been disguised), they were the finalists amongst hundreds that the team had screened. Unlike other private equity firms, 3G did not build a portfolio: each of its funds had only one investment. This model had worked extremely well for some investments, with successes like Restaurant Brands International, but it had also faced some challenges. Each investment decision was crucial to the future of the firm. What should their next investment be? The case features three valuation spreadsheets from 3G Capital itself. Students receive electronic copies of the spreadsheets to prepare for the case discussion.

Keywords

Investment Decisions; Investment Funds; Investment Portfolio; Decision Choices and Conditions; Private Equity; Leveraged Buyouts

Citation

Tango, Jo, and Alys Ferragamo. "3G Capital." Harvard Business School Case 823-010, July 2022. (Revised October 2024.)
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About The Author

Jo Tango

Entrepreneurial Management
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Related Work

    • July 2022 (Revised October 2024)
    • Faculty Research

    3G Capital

    By: Jo Tango and Alys Ferragamo
Related Work
  • 3G Capital By: Jo Tango and Alys Ferragamo
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