Carlyle Group

Retail Asia10/01/2017

McDonald’s has confirmed the sale of its China and Hong Kong operations to an investment consortium for US$2.08 billion (HK$16.14 billion). Under the deal, the purchasers, Citic Limited, Citic Capital and The Carlyle Group, will open 1500 new outlets. Phyllis Cheung, CEO of McDonald’s China, says the Beijing-based Citic companies will together hold a majority […]

Retail Asia08/12/2016

While finalising a buyer for its China and Hong Kong stores, McDonald’s Corp has decided to keep a “significant” minority stake. The US fast-food chain has picked a consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group to buy the stores. Its decision to retain the minority stake lowered the price tag […]

Retail Asia03/12/2016

A private-equity led consortium has been chosen to buy 20-year franchise rights for McDonald’s China and Hong Kong, Reuters is reporting. The successful bidder is a consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group, who will pay up to US$3 billion, according to an unidentified source who spoke with Reuters. A […]

Retail Asia31/10/2016

And in the simultaneous divestment process for the 20-year McDonald’s China franchise rights, TPG Capital has reportedly withdrawn leaving two rival private equity firms in the race – Bain Capital and Carlyle Group – competing with two Chinese companies previously reported to be in the negotiations: retailer Wumart Stores and Sanpower Group. With Maeil Dairies […]

Retail Asia08/09/2016

Private equity firms Carlyle Group and TPG Capital have teamed up with two different Chinese state companies to bid for the McDonald’s China and Hong Kong franchise licences. The deal is said to be worth between US$2 billion and US$3 billion, reports the Straits Times. McDonald’s has previously said it is looking for long-term partners […]

Retail Asia18/07/2016

mcdonalds-hamburger-happy-meal-child-eating-1024x674.jpg

McDonald’s Corporation says it is struggling to attract the calibre of bidders it envisioned when it put its China and Hong Kong franchise up for tender. The restaurant group is offering a 20-year master franchisees for its markets in China, Hong Kong and South Korea. Bidding has gone into its second round and predictions are […]

Retail Asia25/07/2015

Global Logistics Properties launched a US$7 billion fund yesterday dedicated to mainland China, piling in on investment euphoria about warehouse demand as China shifts to a consumption-led economy. Singapore-listed GLP has secured US$3.7 billion in equity commitments from seven unnamed investors, six of them national pension or sovereign wealth funds, for the CLF II fund. […]

Tag: Carlyle Group

McDonald’s China and Hong Kong deal formally announced

Changed deal as McDonald’s Corp sells

McDonald’s China deal done

McDonald’s Korea sale collapses

New contenders for McDonald’s China and Hong Kong

Bidding disappoints McDonald’s Corporation

Global Logistics Properties sets up US$7 billion China-focused fund