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Stock impact report

China's Trustar raises $1 billion for vehicle that holds McDonald's China stake, sources say [Yahoo! Finance]

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: Yahoo! Finance
firm's controlling stake in McDonald Corp's operations in mainland China and Hong Kong, two sources with knowledge of the matter said. A continuation fund is a new vehicle created by a private equity (PE) firm to transfer holdings of existing investments. The concept has gained traction in Asia in recent years as PE firms' exit from companies via IPOs became challenging. Sovereign wealth fund Qatar Investment Authority (QIA) has committed the biggest amount to become the anchor investor in Trustar's continuation fund, said the sources, who declined to be named as the information is confidential. Other investors in the $1-billion continuation fund included Chinese sovereign fund China Investment Corp (CIC) and a number of Chinese yuan-denominated investors, they added. McDonald's China said the firm was pleased to see Trustar has increased its investment in McDonald's China, based on "a strong confidence in the growth prospects" of the Chinese economy, as well as the company's Show less Read more
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