KFC Pizza Hut after Ali: Ant gold clothing acquisition of yum's China business-Ant gold suit, KFC, Pizza Hut-IT information
Yum announced today with Primavera capital group (hereinafter "Primavera capital") and Ant-financial services group (hereinafter "Ant-gold suit") reached an agreement, both invest in yum's China US $ 460 million, the investment will work with yum group split with yum's China simultaneously.
Trading details
Yum's China business, spun off and listed Primavera capital and Ant-metal clothing investments are expected to be completed October 31, 2016, synchronization. Zhihou, yum will begin November 1, 2016, China as an independent company listed on the New York Stock Exchange trading, code is "YUMC".
Under the agreement, Primavera capital and ants clothing will give yum China to invest $ 410 million and $ 50 million. Price per share after the split is completed 31-60 yum in China during the day volume weighted average price of the shares as a benchmark, giving you a discount of 8%, and the final number of shares (in the context of setting minimum and maximum levels of) will depend on the price and then make the appropriate adjustments. Primavera capital and Ant-gold suits and has a total of two batch of stock options can be exercised within five years, both as a $ 12 billion and $ 15 billion in equity value of the exercise price, each batch acquiring yum approximately 2% common shares.
Yum also announced that Primavera capital as yum Dr Fred Hu, the founder of China's non-Executive Chairman of the Board, Dr Hu has previously served as Chairman of Goldman Sachs greater China.
Goldman served as group of yum yum's China and its financial adviser, and Wachtell, Lipton, Rosen & Katz law firm as a legal advisor. PJT Partners as yum Group Board of Directors and independent financial advisers. Morinobu law firm (Simpson Thacher & Bartlett LLP) and law firm served as counsel Primavera capital stocks and ants gold suit.
Both sides say?
"We have been very appreciated yum's China operations, and now looks forward to cooperate sincerely with yum's Board of Directors and management in China, give full play to the company's full potential. "Mr Hu said.
Ant-gold suit, President of Jing Xiandong said, "through this cooperation, we aim to help by yum brands China has tens of millions of consumers with a world of mobile payment services. These services include ease of PayPal platform, this will greatly reduce the queuing time for consumers in restaurants; and loyalty program can help yum's China to better manage customer relationships and marketing. ”
In this regard, yum's China Chief Executive Officer Pan Weiqi (Micky Pant) said. "This investment is clearly on yum's China business strategy and growth potential of the high degree of recognition. Primavera capital and Ant-gold service business experienced, well-connected, which will enable the yum's China derive great benefit. In addition, yum's China in the field of cashless payment systems has become a pioneer in China's catering business, we look forward to the Ant-gold service through mobile technology let us better connect with consumers. ”
Split twists
2nd, China's Ministry of Commerce has held a regular press conference, Chinese Commerce Ministry spokesman Shen Danyang, McDonald's and Kentucky Fried chicken would sell China operations, and enterprises with foreign investment in China's new quick-service answering a reporter's question.
Shen Danyang, says last year's fourth quarter, KFC is a member of yum Group announced plans to split the yum group and yum's China as two separate listed companies with strong development potential.
Yum previously due to investor pressure and split China Division announced in October 2015, and in October this year after the spin-off is complete a separate listing.
In March this year, yum revealed prior to listing on sale 20% shares. Considering the stakes, including KKR, baring private equity Asia and China Fund.
Public data show China operations accounted for half the yum Group's global business, 2015 yum's China company turnover of more than 50 billion yuan. KFC and pizza hut in thousands of cities in China with over 7,200 restaurants, 2015 systems sales of more than $ 8 billion, profit before tax, interest, depreciation and amortisation of about $ 1 billion.
Yum's China Description:
After the split, yum, China will become the franchisor yum group in mainland China, owns KFC, Pizza Hut and Taco Bell three brand exclusivity. KFC is China's leading fast-food brands Pizza Hut is the leading casual dining brand Taco Bell has yet to enter China, but was quickly expanded worldwide.
Yum group introduction:
Yum group headquarters are located in United States, Kentucky, Louisville, in 140 countries and regions with nearly 43,000 restaurants. 2015 yum group ranked Fortune 500 company list No. 218, earning more than US $ 13 billion.
肯德基必胜客以后都是阿里系：蚂蚁金服收购百胜中国业务 - 蚂蚁金服,肯德基,必胜客 - IT资讯
百胜餐饮集团今天宣布与春华资本集团(下称“春华资本”)及蚂蚁金融服务集团(下称“蚂蚁金服”)达成协议，二者共同向百胜中国投资4.60亿美元，该项投资将与百胜餐饮集团与百胜中国的分拆同步进行。
交易细节披露
百胜中国业务的分拆上市和春华资本及蚂蚁金服的投资预计将于2016年10月31日同步完成。之后，百胜中国将从2016年11月1日开始以独立公司身份在纽约证券交易所上市交易，代码为“YUMC”。
根据协议，春华资本和蚂蚁金服将分别向百胜中国投资4.10亿美元和5000万美元。每股价格以分拆完成后31至60天期间百胜中国股票的成交量加权平均价为基准，给予8%的折让，而最终股票数量(在设定的上下限范围内)则视乎该价格再做相应的调整。春华资本和蚂蚁金服还合共拥有两批可以在五年内行使的认股权，分别按120亿美元和150亿美元股本价值的行权价，每批收购百胜中国大约2%的普通股。
百胜餐饮集团还宣布，春华资本的创始人胡祖六博士将出任百胜中国董事会非执行董事长，胡博士此前曾担任高盛大中华区主席。
高盛担任百胜餐饮集团及百胜中国的财务顾问，Wachtell, Lipton, Rosen & Katz律师事务所担任法律顾问。PJT Partners担任百胜餐饮集团董事会的独立财务顾问。盛信律师事务所(Simpson Thacher & Bartlett LLP)和方达律师事务所担任春华资本和蚂蚁金服的法律顾问。
双方怎么说？
“我们一直以来都非常欣赏百胜中国的业务，现在更加期待与百胜中国的董事会及管理层精诚合作，充分发挥公司的全部潜力。”胡祖六表示。
蚂蚁金服总裁井贤栋则表示，“通过这一合作，我们的目标是帮助百胜中国为旗下品牌所拥有的数以千万计的消费者提供世界级的移动支付服务。这些服务包括便捷的支付宝平台，这将大大减少消费者在餐厅排队的时间；而会员计划则可以帮助百胜中国更好地管理顾客关系以及进行市场推广。”
对此，百胜中国首席执行官潘伟奇(Micky Pant)先生表示。“此次投资显然是对百胜中国业务策略和增长潜力的高度认可。春华资本和蚂蚁金服商业经验丰富、关系广泛，这将使百胜中国从中获得巨大的补益。此外，百胜中国在无现金支付系统领域已成为中国餐饮企业的先行者，我们期待蚂蚁金服通过移动技术让我们与消费者更好地连接。”
分拆一波三折
2日下午，中国商务部召开了例行新闻发布会，中国商务部新闻发言人沈丹阳就麦当劳和肯德基是否将出售中国运营权以及外商在华投资新设快餐服务企业情况回答记者提问。
沈丹阳表示，去年第四季度，肯德基所属的百胜餐饮集团宣布拟拆分百胜餐饮集团及百胜中国作为两家具有强劲发展潜力的独立上市公司。
此前百胜集团由于受到投资者的不断施压，于2015年10月宣布拆分中国事业部，并打算在今年10月完成分拆后单独上市。
今年3月，百胜被曝打算在上市前对外出售20%的股权。当时考虑收购该股权的包括KKR、霸菱亚洲和几只中国基金。
公开数据显示，中国业务占百胜餐饮集团全球业务的一半，2015年百胜中国公司营业额超过500亿元人民币。肯德基和必胜客在中国上千座城市拥有7,200多家餐厅，2015年系统销售额超过80亿美元，税息折旧及摊销前利润约10亿美元。
百胜中国介绍：
分拆后，百胜中国将成为百胜餐饮集团在中国大陆的特许经营商，拥有肯德基、必胜客和塔可钟三大品牌的独家经营权。肯德基是中国领先的快餐品牌；必胜客是领先的休闲餐饮品牌；塔可钟虽然尚未进入中国，但正在全球范围快速地扩张。
百胜餐饮集团介绍：
百胜餐饮集团总部设在美国肯塔基州路易斯维尔市，在全球140个国家和地区拥有近4.3万家餐厅。2015年百胜餐饮集团位列财富500强公司榜单第218位，收入超过130亿美元。