The logo of McDonald's is seen at its restaurant in Hong Kong, China August 27, 2021.
REUTERS/Tyrone Siu/File Photo(Reuters) -Carlyle Group Inc and Trustar Capital are planning to raise $4 billion from wealth funds to buy part of their stakes in McDonald’s Corp operations in Hong Kong and mainland China, Bloomberg News reported.
All stakeholders are highly aligned on the process,” McDonald’s China said in an emailed response to Reuters on Thursday.
The asset managers aim to reach an agreement with investors in the fourth quarter of this year, the report added.
Reuters had reported in April citing two people with knowledge of the matter that the U.S.-based private equity firm was discussing various options including setting up a continuation fund with financial advisers for its stake in McDonald’s China.
Persons:
Tyrone Siu, Carlyle, Mubadala, GIC
Organizations:
REUTERS, Carlyle Group Inc, Trustar, McDonald’s Corp, Bloomberg News, Reuters, McDonald’s, Shareholders, Mubadala Investment, GIC
Locations:
Hong Kong, China, McDonald’s China, U.S