For 3G Capital, which has made more than $20 billion on Burger King, Trump’s tariffs presented a rare opportunity to spear a big fish at a discount price.

G Capital will acquire footwear maker Skechers USA Inc. for $9.4 billion, marking a splashy return to dealmaking for the investment firm after nearly four years.

Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday.