Carlyle and Yum China Among Bidders for Jardines’ KFC, Pizza Hut Operations in Asia
Private equity and strategic buyers, including Carlyle Group, Yum China and Taiwan’s Uni-President, are competing for Jardine Matheson’s restaurant arm that operates KFC and Pizza Hut brands across Hong Kong, Taiwan and other Asian markets. Non-binding offers are due this week for a business that runs around 1,000 stores, employs about 25,000 peopl…