Burger King’s parent company, RBI, has agreed to sell an 83% stake in its China operations to private equity firm CPE for USD 350 million, forming a joint venture aimed at accelerating growth in the Chinese fast-food market.
Information on the Target
Burger King China, a subsidiary of Restaurant Brands International (RBI), is a prominent player in the fast-food sector. The brand is recognized for its diverse menu and strong market presence within China. RBI, which also oversees renowned global brands such as Tim Hortons and Popeyes, has been actively working to expand its Chinese operations and enhance its brand visibility.
The recent agreement to sell an 83% stake in Burger King China to private equity firm CPE not only marks a significant change in ownership but aims to leverage CPE's expertise in the consumer sector to further accelerate growth within a competitive market.
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Industry Overview in China
The fast-food industry in China has experienced rapid growth over the past decade, driven by urbanization, changing consumer preferences, and a rising middle class. In 2023, the market was valued at approximately USD 60 billion,
Similar Deals
CPE
invested in
Burger King's China operations
in 2026
in a Joint Venture deal
Disclosed details
Transaction Size: $350M