Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald's Corp's China operations, seeking a valuation of $8-$10 billion for the business, Bloomberg News reported on Friday.
Carlyle, which controls McDonald's China along with Trustar Capital, could sell down part of their stakes in the fast-food giant in the deal while still retaining control, the report added, citing people familiar with the matter.In 2017, the U.
S fast-food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1 billion. Trustar Capital is a private equity affiliate of CITIC Capital Holdings.Reporting by Yana Gaur in Bengaluru; Editing by Savio D'Souza
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