Select Language:
A Chinese private equity firm and the parent company of Burger King have officially established Burger King China, with the private equity firm acquiring a majority stake through a $350 million investment.
The formation of Burger King China was finalized yesterday, with both companies issuing separate statements. The private equity firm holds approximately 83% of the joint venture, while the parent company retains 17% and a seat on the board of directors.
The private equity firm has appointed its operating partner as chairman of Burger King China, according to an official statement. Additionally, a fully owned subsidiary of Burger King China has signed a 20-year master development agreement, granting it exclusive rights to develop the brand across China.
“The $350 million investment will remain within the joint venture and its subsidiaries to support the next phase of growth for Burger King China,” stated Mao Wei, the managing director of the private equity firm.
Both companies plan to expand the number of Burger King locations in China from about 1,250 currently to over 4,000 by 2035. Their goal is to achieve sustainable same-store sales growth by maintaining disciplined execution and focusing on food quality and brand relevance.
Founded in 2008, the private equity firm concentrates on investments in technology, healthcare, and consumer services. It has invested roughly 10 billion yuan (around $1.4 billion) to date, supporting companies such as Mixue Group, Aier Eye Hospital Group, Laopu Gold, and Pop Mart.
ChatGPT
Perplexity
Gemini AI
Grok AI
