Trustar Capital raises $1 billion to expand McDonald's presence in China, backed by major investors.

Trustar Capital, a Chinese private equity firm, has raised $1 billion to maintain its control over McDonald's operations in mainland China and Hong Kong. Major investors include the Qatar Investment Authority and China Investment Corp. The fund will help some investors exit Trustar's private equity fund and support McDonald's growth in China, which aims for 10,000 restaurants. This move reflects private equity firms seeking alternative options amid market volatility and China's tighter IPO regulations.

November 21, 2024
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