Carlyle and Yum China Compete for Jardine Restaurant Unit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Source: Newsfilter
- Bidding for Restaurant Unit: Carlyle Group and Yum China are competing for Jardine Matheson's restaurant division, which operates KFC and Pizza Hut in Hong Kong, Taiwan, and other Asian markets, with the deal expected to fetch around $400 million, highlighting strong interest in the Asian fast-food sector.
- Significant Market Potential: The fast-food market in the Asia-Pacific region was valued at approximately $270 billion in 2024 and is projected to reach $465 billion by 2033, reflecting consumer demand driven by urbanization and a young population, providing lucrative returns for investors.
- Financial Performance: Jardine Restaurant Group operates around 1,000 KFC and Pizza Hut outlets across Hong Kong, Macau, Myanmar, Taiwan, and Vietnam, generating an annual EBITDA of about $35 million to $40 million, indicating its stable profitability and market position.
- Capital Reallocation Strategy: Jardine is looking to reallocate capital to core businesses, having recently completed a $4.2 billion take-private deal for luxury hotel group Mandarin Oriental, demonstrating its focus on optimizing its asset portfolio.
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Analyst Views on CG
Wall Street analysts forecast CG stock price to rise
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 45.090
Low
53.00
Averages
67.91
High
83.00
Current: 45.090
Low
53.00
Averages
67.91
High
83.00
About CG
The Carlyle Group Inc. is a global investment company. The Company operates through three segments including Global Private Equity, Global Credit and Carlyle AlpInvest. The Global Private Equity segment advises the Company's buyout, growth, real estate, infrastructure, and natural resources funds. The Global Private Equity segment also includes the NGP Carry Funds advised by NGP Energy Capital Management (NGP). The Global Credit segment advises funds and vehicles that pursue investment strategies including insurance solutions, liquid credit, opportunistic credit, direct lending, asset-backed finance, aviation finance, infrastructure credit, cross-platform credit products, and global capital markets. The Company's Carlyle AlpInvest segment advises global private equity programs that pursue secondary purchases and financing of existing portfolios, managed co-investment programs, and primary fund investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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