Perutz's subsidiary Trian is currently in negotiations to raise funds for the privatization acquisition of Wendy Hamburg.

According to sources cited by the Financial Times on Tuesday, activist investor Nelson Peltz's Trian Fund Management is seeking investor support to launch a privatization bid for the fast-food chain Wendy's. The report stated that Trian has been in discussions with external investors, including those from the Middle East, to provide funding for a potential Wendy's acquisition. Peltz had previously considered making a potential takeover bid for the hamburger chain in 2022. In February of this year, he stated that Wendy's stock was undervalued and added that discussions had been held with potential financing partners for potential transactions including acquisitions or other significant deals. Peltz currently holds a 16.24% stake in Wendy's, up from 16.09% in July of last year. The investment firm's stake has also increased from 7.78% in July of last year to 7.85%.