Private Equity-owned Companies in Times Square 

327 W 42^nd St.; 561 7^th Ave.

Private equity owners: TPG, Bain Capital and Goldman Sachs Capital Partners

Owned by private equity: 2003-2006

Deal value: $1.4 billion

Employees: 30,300

Buyout firms had it their way with Burger King, doubling their initial investment of $325 million in just three years. Before taking the company public again in 2006, the buyout firms made out like kings: they received a $62 million transaction fee for the purchase, were paid another $9 million per year to manage Burger King, borrowed $350 million from the company to pay themselves a $367 million dividend, received a $33 million bonus for management and then got paid $30 million to end the management contract when they sold Burger King shares publicly. The IPO raised $425 million and the firms retained a 75% share of the company. In 2007 the buyout firms sold even more stock – this time valued at $462 million, but retain a majority stake in Burger King. Not bad for a few years’ work. You might even say it was a whopper of a deal. One Burger King worker of two years told us he had gotten a raise during his tenure too; he went from $6.75 an hour to $7.15.