PE Finding New Partners To Tackle Bigger Deals

Law360, New York (February 15, 2013, 8:11 PM EST) -- The two mega-leveraged buyouts of the year, $24 billion for Dell Inc. and $28 billion for H.J. Heinz Co., both include a major non-private equity investor as sponsors seek out new partners, rather than old rivals, to close big deals.

In its bid for Heinz, 3G Capital Management LLC has teamed up with Warren Buffett's Berkshire Hathaway Inc. Both partners will inject about $4 billion in equity into the deal, and Berkshire will buy another $8 billion in preferred securities, according to public filings.

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