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2h ago

RBI, CPE Forge Burger King China JV With $350 Million Growth Push

CPE will hold a controlling stake as the deal targets an early 2026 close.

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The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.
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FILE - A sign for Burger King, a Restaurant Brands company, is displayed a restaurant in downtown Pittsburgh, Jan. 12, 2022. (AP Photo/Gene J. Puskar, File)

Overview

  • CPE will own about 83% of Burger King China, with Restaurant Brands International retaining roughly 17% and a board seat.
  • The venture targets a footprint of more than 4,000 restaurants by 2035 and plans to double the current count within five years from about 1,250.
  • CPE will invest $350 million to support new openings, marketing, menu innovation, and operations.
  • RBI plans to begin recognizing royalties from Burger King China after closing as it shifts further toward a franchised model.
  • The transaction is slated to close in the first quarter of 2026 subject to regulatory approvals, alongside a 20-year master development agreement granting exclusive China development rights.