Boyu Seeks Around $1.4 Billion Loan for Starbucks China Takeover

Private equity firm Boyu Capital is in talks with banks for a loan of around $1.4 billion-equivalent to support its acquisition of a majority stake in Starbucks Corp.’s China business, according to people familiar with the matter.

Chinese banks will likely lead the financing for Boyu Capital, said the people, who asked not to be identified discussing private matters. The deal may be structured as a yuan-denominated onshore loan, they said, adding that discussions are fluid and could be subject to change.

Starbucks announced on Tuesday that it will sell a majority stake in its China retail operations, which ...