McDonald’s is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed firm China Resources (Holdings), for a designed sale of 2,800 restaurants in North Asia, people informed with a matter told Reuters.
The U.S. quick food hulk is adopting a new business indication in Asia, that is now a many heated bridgehead for tellurian grill chains, by formulation to move in partners to possess a restaurants within a authorization operation.
Several other tellurian grill operators have switched to a supposed authorization indication and McDonald’s has also set a long-term aim of being 95 percent franchised, a association pronounced in a matter on Mar 31.
Oak Brook, Illinois-based McDonald’s has hired Morgan Stanley to run a sale of a restaurants in China, Hong Kong and South Korea, a people said. A grave sales routine is approaching to kick-off in about 3 to 4 weeks, one of a people said.
Ahead of that, McDonald’s and a confidant are sketch adult a list of expected partners who will be approached to attend in a auction, a chairman added.