AFTER helping to broker a £130bn bailout for several British banks in autumn 2009, Lord Myners’ deal for $8bn-valued Burger King might seem like small fry.
It has the potential to be a whopper of a deal for the former City minister, however, as well as the stellar group of investment veterans who make up the rest of Justice Holdings. One investor, Nicolas Berggruen, is the son of German art collector Heinz Berggruen and is often described as the “homeless billionaire” because of his penchant for living in hotels around the world.
Another, William Ackman, is a Harvard-educated hedge fund veteran and activist investor who has put money into several fast food companies. Together with Jarden Corp founder Martin Franklin, they set up Justice, a shell company that went public last year and has now succeeded in its aim of agreeing a big merger or acquisition.