Home / Asia / McDonald’s targets buyout firms as it seeks to sell North Asia stores: sources

McDonald’s targets buyout firms as it seeks to sell North Asia stores: sources

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.

Article source: http://www.cnbc.com/2016/04/14/mcdonalds-targets-buyout-firms-as-it-seeks-to-sell-north-asia-stores-sources.html

InterNations.org