Burger King Parent Is Said to Shortlist HSG, CPE for China Stake

Chinese private equity firms HSG and CPE are vying for a controlling stake in Burger King’s China business, according to people familiar with the situation.

Burger King’s parent Restaurant Brands International Inc. may pick a buyer as soon as this month and potentially make an announcement when it releases earnings, the people said, asking not to be identified because the deliberations are private. Discussions are ongoing and might not result in a deal, they said.

Representatives for HSG, which was formerly known as Sequoia Capital China, CPE and RBI didn’t immediately respond to requests for comment.

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