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Major U.S. private equity firms are in the mix to buy McDonald’s China operations for as much as $2 billion

3 weeks ago
Sky Canaves
arlyle Group, TPG and Bain Capital are among the parties interested in joining with Chinese partners whose understanding of the domestic market is considered important to the success of the 2,200-restaurant franchise in China.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.