Investment Titan 3G Raises $5B for Potential New Acquisitions

Brazilian investment giant 3G Capital has set its sights on potential new acquisitions. The firm is honing in on new targets after raising $5B from investors. 3G's plans or the exact amount raised have not yet been publicly disclosed. People familiar with the matter have suggested that the global acquisitions leader may be considering companies such as Campbell Soup and parts of PepsiCo. There has also been speculation that Kellogg's and Kraft Foods may be on the potential shopping list. 3G currently controls some of the world's largest consumer brands. The investment firm bought Burger King's parent company back in 2010 for $3.3B and teamed up with Warren Buffett's Berkshire Hathaway in 2013 to take over Heinz in a $23.6B deal. In 2014 3G snapped up Canadian coffee chain Tim Hortons for $12B. Prominent investors in 3G include tennis champion Roger Federer, hedge fund manager Bill Ackman and some of Brazil's wealthiest families.