CITIC and Carlyle Group Complete Acquisition of McDonald’s China

The year-long auction of McDonald’s business in China has finally come to an end as state-owned enterprise Citic Ltd. announced the purchase was officially completed on July 31st. The purchase marks the US food giant’s largest franchise business overseas, with its 2,700 stores being run by the purchasers…Full Article: ECNS.cn Aug 2017 Key Point The

Beijing Investment Firm Bids on Italian Supermarket Chain

Chinese Group Yida International Investment has formally expressed interest in Esselunga, Italy’s fourth-largest supermarket chain, Italian daily la Repubblica reported on Thursday [15 June 2017]…Full Article: The Global Times June 2017 Key Points Yida International offered EUR 7.5 billion euros (USD 8.38 billion) for Italy’s Esselunga supermarket chain. In September 2016, the private equity funds

Hong Kong’s CITIC and USA’s Carlyle Group Acquire an 80% Stake in McDonald’s China

Fast-food chain McDonald’s Corp announced on Monday [9 January 2017] the sale of 80 percent of its Chinese mainland and Hong Kong operations to a consortium including CITIC Ltd and Carlyle Group LP. The move will help it expand amid growing competition, but analysts warned challenges remain…Full Article: China Daily Jan 2017 Key Point As

USA’s Silver Lake Private Equity and China’s Primavera Capital Group Are Among a Group of Early Round Investors in Alibaba’s Koubei

Alibaba Group Holding Ltd’s on-demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China’s sovereign wealth fund, people familiar with the matter said. The latest round for Koubei, which deals in local services such as food delivery, will surpass a

McDonald’s to Tap Carlyle Group and CITIC Group to Buy its Mainland and Hong Kong Fast Food Outlets

McDonald’s Corp has picked a consortium led by private-equity firm Carlyle Group LP and Chinese conglomerate CITIC Group Corp to buy its Chinese mainland and Hong Kong stores for as much as $2 billion while keeping a minority stake in the business, according to US media reports on Tuesday [6 December 2016]…Full Article: China Daily

Heilongjiang Binxi Cattle Industry, a Supplier of McDonald’s China, Offers to Buy New Zealander Lamb Producer

Chinese-backed NZ Binxi (Oamaru) Foods has made a $25.3 million 100% takeover offer for Invercargill-based Blue Sky Meats after the meat processor had sought expressions of interest from buyers…Full Article: NZ Herald Nov 2016 Key Points In December 2015, NZ Binxi (Oamaru) Foods, a subsidiary of Heilongjiang Binxi Cattle Industry, completed its takeover of Lean

Beijing-based Private Equity Firm, CDH Investments, to Lower its Stake in WH Group Once Again

WH Group, the world’s largest pork producer, saw its shares plunge the most in more than two years on Friday morning [28 October 2016] after the company said private equity group CDH Investments planned to curb its stake by selling HK$10.6 billion [~US$1.37 billion] through a share placement…Full Article: South China Morning Post Oct 2016