Carlyle Seeks New Investors For McDonald's $10B China Arm: Report

Private equity company Carlyle Group Inc CG reportedly intends to find new investors for its investment in McDonald's Corp's MCD Chinese operations.
The buyout firm, which controls McDonald's China, together with Trustar Capital, has been discussing shifting its ownership to a new investment vehicle, reported Bloomberg, citing people familiar with the matter.
The report added that the prospective deal would provide current limited partners the choice to sell or roll over their holdings while giving new investors access to the Business.
According to the report, Carlyle is considering seeking a valuation of around $8 billion to $10 billion for McDonald's China through the potential move.
Also Read: McDonald's Battle-Tested Business Model Will Help Weather Economic Hurdles, Says Analyst
The report further added that Carlyle and Trustar might keep control of the fast-food giant while selling off a portion of their holdings.
Price Action: CG shares are trading higher by 0.36% at $30.46 premarket on Friday. MCD closed lower by 0.09% at $291 on Thursday.
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