US EditionCarlyle, HongShan, EQT Among Final Contenders for Starbucks’ China Business
4 Articles
4 Articles
Carlyle, HongShan, EQT Among Final Contenders for Starbucks’ China Business
Carlyle, HongShan, EQT Among Final Contenders for Starbucks’ China Business - U.S. coffee giant plans to name new strategic partner by October as it faces shrinking market share and rising local competition on the Chinese mainland
Large investment firms Carlyle Group and EQT, along with HongShan Capital Group (HSG) and Boyu Capital, are in the final phase of bid preparation to take control of Starbucks' operations in China. According to the original report, Starbucks has asked these companies to submit binding offers early in October, with the possibility of reaching an agreement by the end of that month.The coffee giant had invited approximately 10 potential buyers to su…
Carlyle, EQT among final bidders for Starbucks China stake
Starbucks is moving into the final stages of its planned sale of a stake in its China business, with major private equity firms including Carlyle Group and EQT among those preparing final bids, according to a report by Reuters. The report cites unnamed people familiar with the matter as revealing that other final stage bidders include HongShan Capital (formerly Sequoia China), Boyu Capital and Primavera Capital, with Final offers expected by ear…
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