It is understood that Carlyle Group (The Carlyle Group) and CITIC Capital Holdings Limited's private equity subsidiary Trustar Capital are considering reducing its holdings of McDonald's China and looking for new investors for it.。

Specifically, the two companies are considering seeking a valuation of about $8 billion to $10 billion for McDonald's China through this potential deal.。They said they intend to move their holdings into a new investment vehicle, a potential deal that would allow new investors to gain exposure to the business while allowing existing limited partners to opt out or roll over their holdings.。

The introduction of a new limited partner for McDonald's China will allow Carlyle and Trustar to continue to manage their holdings while providing liquidity to existing investors in their early stage funds.。

The plan is still in its early stages and no final decision has been made, according to people familiar with the matter.。

In response, a spokesman for McDonald's China said there was no change in the shareholding structure of McDonald's China.。Trustar and Carlyle's commitment to long-term sustainable growth in McDonald's China will continue, they added.。

Six years ago, McDonald's sold about 80 percent of its China and Hong Kong operations for about $1.7 billion, valuing the business as high as 20 percent..800 million dollars。Through this transaction, CITIC Limited and CITIC Capital received a 52% stake, with Carlyle holding a 28% stake.。As part of the agreement, McDonald's retained the remaining shares.。

McDonald's more than doubles number of stores in China since deal。The company operates about 5,200 stores in mainland China and 250 in Hong Kong, and will open 800 to 1,000 new stores in 2023, one of the people said.。