Burger King has been considering sale: source

NEW YORK (BestGrowthStock) – Burger King Holdings Inc (BKC.N: ), the No. 2 U.S. hamburger chain, has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday.

The source said one potentially interested party was 3i Group Plc (III.L: ).

Burger King and 3i were not available to comment.

Burger King, which has a market capitalization of about $2.3 billion, has been public since May 2006.

It had previously been own by private equity, which still holds a stake in the company. TPG, Bain Capital and Goldman Sachs (GS.N: ) had owned Burger King after buying it from British drinks company Diageo (DGE.L: ) in 2002 for about $1.5 billion.

The Wall Street Journal reported Burger King has been in talks with private equity firms in recent weeks about a possible sale.

(Editing by Dan Lalor)

Burger King has been considering sale: source