Dairy Queen and Papa John’s Pizza China owner in play
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A majority stake in the operator of the Dairy Queen and Papa John’s Pizza chains in China is likely to go on the market.
Citing sources with knowledge of the matter, Bloomberg has reported that EQT, the Swedish private-equity owner of 57 per cent of China F&B Group is considering selling its stake.
China F&B operates about 600 Dairy Queen stores across the country, and Papa John’s Pizza has around 250 outlets, but it is not clear how many of those are owned by China F&B.
While no sales process has commenced at this stage, EQT has consulted with investment banks
Bloomberg estimates the value of China F&B Group at between $100 million and $200 million.
Questions & Answers
Q.Which company currently owns the majority stake in the operator of Dairy Queen and Papa John’s Pizza in China?
Which company currently owns the majority stake in the operator of Dairy Queen and Papa John’s Pizza in China?
EQT, a Swedish private-equity firm, currently owns 57 per cent of China F&B Group. This group operates both Dairy Queen and Papa John's Pizza chains across China.
Q.What is the estimated value of China F&B Group, according to Bloomberg?
What is the estimated value of China F&B Group, according to Bloomberg?
Bloomberg estimates the value of China F&B Group to be between $100 million and $200 million. This valuation is based on their sources familiar with the matter.
Q.How many Dairy Queen and Papa John's Pizza outlets are operated by China F&B Group?
How many Dairy Queen and Papa John's Pizza outlets are operated by China F&B Group?
China F&B operates approximately 600 Dairy Queen stores across China. Papa John's Pizza has around 250 outlets, but the article does not specify how many of these are operated by China F&B.
Q.Has EQT officially started the sales process for its stake in China F&B Group yet?
Has EQT officially started the sales process for its stake in China F&B Group yet?
No, a formal sales process has not commenced at this stage. However, EQT has reportedly consulted with investment banks regarding a potential sale of its majority stake.
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