{"id":18755,"date":"2023-04-21T10:04:21","date_gmt":"2023-04-21T10:04:21","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/carlyle-eyes-fresh-backers\/"},"modified":"2023-04-21T10:05:26","modified_gmt":"2023-04-21T10:05:26","slug":"carlyle-eyes-fresh-backers","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/carlyle-eyes-fresh-backers\/","title":{"rendered":"Carlyle eyes fresh backers for McDonald’s China arm -Bloomberg News"},"content":{"rendered":"

By Yana Gaur and Kane Wu<\/p>\n

(Reuters) -Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a valuation of $8 billion to $10 billion for the business, Bloomberg News reported on Friday.<\/p>\n

The U.S.-based private equity firm has been discussing various options with financial advisers for its stake in McDonald’s China, two people with knowledge of the matter told Reuters.<\/p>\n

The options include setting up a continuation fund for the asset, the people said, declining to be identified because the information is confidential.<\/p>\n

The continuation fund structure would allow Carlyle to sell part of its holdings in McDonald’s China while introducing new investors into the company, they said.<\/p>\n

The discussions are at an early stage and Carlyle has yet to decide on the final option, the people said.<\/p>\n

Bloomberg said in its report that Carlyle, which controls McDonald’s China along with Trustar Capital, could sell part of their stakes in the fast-food giant in the deal while still retaining control, citing people familiar with the matter.<\/p>\n

Carlyle declined to comment. McDonald’s and Trustar did not immediately respond to a Reuters request for comment.<\/p>\n

In 2017, the U.S fast-food chain agreed to sell 80% of its China and Hong Kong business to China’s state-backed conglomerate CITIC and Carlyle for up to $2.1 billion.\u00a0Trustar Capital is a private equity affiliate of CITIC Capital Holdings.<\/p>\n

In 2020, CITIC Ltd said it would sell a 22% stake in McDonald’s China for at least 2.17 billion yuan. <\/p>\n

(Reporting by Yana Gaur in Bengaluru and Kane Wu in Hong Kong; Editing by Savio D’Souza, Dhanya Ann Thoppil and Kim Coghill)<\/p>\n

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By Yana Gaur and Kane Wu (Reuters) -Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a valuation of $8 billion to $10 billion for the business, Bloomberg News reported on Friday. The U.S.-based private equity firm has been discussing various options with financial advisers for […]<\/p>\n","protected":false},"author":8,"featured_media":18756,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-18755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3K05N-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=18755"}],"version-history":[{"count":3,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18755\/revisions"}],"predecessor-version":[{"id":18986,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18755\/revisions\/18986"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/18756"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=18755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=18755"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=18755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}