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Private Equity · ChinaStarbucks and Burger King, along with other large Western companies, are offloading large shares of their China operations to private equity groups based in China, according to CNBC. Starbucks agreed to sell 60% of its China operations to Boyu Capital for $4 billion. CPE Capital is acquiring an 83% stake in Burger King's China business for $350 million. IDG Capital purchased a controlling share of Yoplait's operations in China, valued at around …See the Story
Starbucks, Burger King Raise Eyebrows After Selling Massive Stakes to Chinese Private Equity Funds: 'Enables the Business to Operate at China Speed'
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