Berkshire Hathaway acquired H.J. Heinz Company for $28 billion enterprise value ($72.50 per share); Berkshire equity commitment of $12.12 billion (alongside 3G Capital), a transaction completed in June 2013, structured as combination (cash; joint acquisition with 3G Capital). The deal was a Merger.
H.J. Heinz Company operates in Consumer staples / packaged food, is based in Pittsburgh, Pennsylvania. Berkshire teamed with 3G Capital to take the H.J. Heinz Company private, with Heinz shareholders receiving $72.50 per share in cash in a transaction valued at $28 billion including assumed debt. Berkshire signed an equity commitment letter to purchase $12.12 billion of equity securities in the acquisition holding company, and Heinz stayed headquartered in Pittsburgh. The stake became part of Kraft Heinz after Heinz merged with Kraft Foods in 2015.
Durable global consumer brands paired with 3G's operating discipline.
The Heinz brand is one of the most respected brands in the global food industry and this historic transaction provides tremendous value to Heinz shareholders.William R. Johnson, Chairman, President and CEO, H.J. Heinz Company
Advisory firms were not disclosed for this transaction.