Carlyle (CG) and Trustar Capital are planning a partial exit from McDonald’s Corp,’s (MCD) business in Hong Kong and mainland China in a transaction that would raise $4B, Bloomberg’s Cathy Chan and Paula Sambo report, citing people familiar with the matter. The two groups have approached GIC Pte and Mubadala Investment, the Abu Dhabi sovereign wealth fund, about a potential deal that values the operations at up to $10B, including debt, the authors note.
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