Subscribe to our Newsletter to increase your edge. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. Join 120,000 other PE professionals today.
QSR holds the sole right from Yum! Brands Inc. to operate KFC restaurants in Malaysia, Singapore, Cambodia and Brunei, as well as Pizza Hut restaurants in Malaysia and Singapore, according to its website. The company operates over 1,270 KFC and Pizza Hut outlets and also breeds chickens and produces sauces, branding itself as a “farm to fork” food operator.
Owners of QSR, which also include state-owned Johor Corp., and pension fund Employees Provident Fund, had considered selling their stakes in 2019 after the company shelved its $600m IPO earlier that year, Bloomberg News had reported.
Source: Bloomberg Quint
Can’t stop reading? Read more
TikTok parent ByteDance eyes $330bn valuation as sales leap past Meta
TikTok parent ByteDance eyes $330bn valuation as sales leap past Meta ByteDance, the Chinese owner...
H.I.G. Capital exits EYSA after rapid three-year transformation with sale to Tikehau
H.I.G. Capital exits EYSA after rapid three-year transformation with sale to Tikehau H.I.G....
Crescent Capital joins wave of $3bn credit continuation funds
Crescent Capital joins wave of $3bn credit continuation funds Crescent Capital Group is preparing...