#2: Berkshire Hathaway (BRK.B) and 3G Partners Buy H.J. Heinz
Berkshire Hathaway’s (BRK.B) Warren Buffett has had a hard time finding the big elephants he usually likes to hunt, so he must have been very pleased to buy ketchup-maker H.J. Heinz with the help of a private equity partner.
When the news hit, it also fueled a lot of (ultimately false) hope that 2013 would be a banner year for mergers and acquisitions. But that didn’t pan out. Sure, the M&A numbers are the best they’ve been in five years, but they’re still well below all-time highs.
Regardless, it’s always good for market psychology when the Oracle of Omaha goes shopping, and the Heinz deal was a nice vote of confidence early in 2013.