McDonald’s China owners plans $4b exit: report

The owners bought the business six years ago.

Carlyle Group Inc and Trustar Caoutak are planning to raise $b from wealth funds to buy part of their stakes in McDonald’s Corp operations in China and Hong Kong to enable a partial exit from the business, a report by Bloomberg said.

Citing sources, the report said the private equity firms plan to set up a new vehicle to provide a potential or partial exit for some existing investors which could allow both to raise fresh capital.

The report said that GIC Pte and Mubadala Investment Co., the Abu Dhabi sovereign wealth fund, have been approached about the deal that values the entire business at up to $10b including debt.

In a statement to China Daily, McDonald’s China said the company's shareholding structure will not change and it is on track to achieve its goal of running 10,000 stores in the Chinese market.