Tim Hortons acquired by Burger King Worldwide (3G Capital)
Burger King Worldwide (3G Capital) acquired Tim Hortons, a Canada & United States restaurants brand, on Dec 12, 2014.
Preliminary: The transaction value is not yet independently verified.
Transaction summary
- Target
- Tim Hortons
- Acquirer
- Burger King Worldwide (3G Capital)
- Announced
- 2014-08-26
- Geography
- Canada & United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
CAD 13B
Unverified
100% enterprise value | CAD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $11B USD using FX date 2014-08-26 at 0.9120 CAD/USD.
EV / revenue
3.84x
Period: FY2013
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: CAD 13B
Basis
- Reported value: C$12.5bn. Multiples use revenue of C$3.26bn (FY2013).
Source summary
Burger King agrees to acquire Tim Hortons for $11.4 billion, move headquarters to Canada
ConfirmedBurger King Worldwide agreed to acquire Tim Hortons for about C$12.5 billion ($11.4 billion)
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