Kirkland & Ellis and Cleary Gottlieb Steen & Hamilton have assumed the lead roles in a $2.1 billion deal in which McDonald’s Corp. will sell a controlling stake of its China and Hong Kong business.
In a cash and share deal announced Sunday, an investor consortium led by state-owned Chinese conglomerate CITIC Ltd. agreed to buy an 80 percent stake in the fast-food restaurant chain’s China business. CITIC and its investment arm CITIC Capital Holdings will hold a majority 52 percent stake in the business; The Carlyle Group will hold a 28 percent stake; and McDonald’s will retain a 20 percent stake.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
