Hillhouse and Carlyle are bidding for a stake in Starbucks China business, following a valuation note from TD Cowen.
2 reports, 1 independent
Updated Jul 10
Gone quiet
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
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What happened
Hillhouse and Carlyle are bidding for a stake in Starbucks China business, following a valuation note from TD Cowen.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Brian Niccol is leading the 'Back to Starbucks' turnaround strategy, which is facing headwinds in international markets like China. TD Cowen upgraded the stock to Buy in mid-May.Also in this story
- Starbucks, led by Brian Niccol, is conducting major product launches in the North American region.
- Starbucks stock price reflects market expectations regarding the company's operational turnaround strategy.
- Nvidia is mentioned in context of Nasdaq signals while Starbucks shares are traded on Nasdaq, and Niccol leads the turnaround plan.
- EQT, Bain Capital, and Primavera are among the potential bidders for the Starbucks China stake.
The entities involved
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Starbucks
American multinational coffee company
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Hillhouse Capital
Asian Private Equity Firm
Nothing else this week.
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Carlyle Group
American alternative asset management company
Coverage
Newest first; wire copies grouped- AFPStarbucks receives bids for stake in China business: US media Starbucks has received around 30 offers from investment firms seeking a stake in the company's China business, US media reported Wednesda
- Unknown outlet