They're 2 billion dollars! McDonald's in China, "bondage"-McDonald's, Michael Uncle-IT information
After 9 months, a paper worth 2.08 billion dollar deal, McDonald's will sell a major stake of mainland China and Hong Kong stores.
According to McDonald's 9th announcements and CITIC shares in HKEx's announcement, CITIC shares, CITIC capital holdings and Carlyle Group and McDonald's reached a strategic cooperation and the establishment of new companies. The new company will be a total consideration of up to $2.08 billion, buying McDonald's business in mainland China and Hong Kong, two master franchise period of 20 years.
Acquisition price will be part in cash and part of the issue of new shares of the new company to the McDonald's settled. Upon completion of the transaction, CITIC shares and CITIC capital in the new company will hold a total of 52% control of 28% and 20% owned by Carlyle and McDonald's, respectively.
After the transaction is completed, McDonald's existing management team will remain in the target group. The target company's Board of Directors will be CITIC, CITIC capital, Carlyle and McDonald's representatives.
McDonald's also said that the deal is still pending regulatory approval, is expected to be completed in 2017.
At the end of last year, retail and franchise restaurants McDonald's in China more than 2,400 in Hong Kong more than 240. Currently, McDonald's has more than 120,000 employees in China. After the transaction is completed, McDonald's in mainland China and Hong Kong over more than 1750 and operated a restaurant franchise.
Why sell?
McDonald's is trying to streamline its global operations and adjustments in China, Korea and Southeast Asia, the ownership structure of the market. In the company the world's largest market for United States facing a fourth consecutive year of declining performance, Chief Executive Steve Easterbrook is pursuing changes to reinvigorate the company's performance.
McDonald's said in a statement, the parties will make full use of its advantages in resources and further development of McDonald's business, including the opening of new restaurants (especially in three or four cities), enhance the sales of existing restaurants and menu service, digital innovation, retail, takeout and other aspects of development upgrade. Is expected in the next five years will be in mainland China and Hong Kong to open more than more than 1500 new restaurants.
McDonald's Chief Executive Officer Steve? Easterbrook (Steve Easterbrook) said: "the enormous business opportunities in mainland China and Hong Kong markets. Our partners well, has a comprehensive understanding of the Chinese market. All parties to work together to further enhance competitiveness, achieve rapid business growth, the McDonald's fast-food industry leader in mainland China and Hong Kong, and better customer service. ”
CITIC shares said in the announcement, along with the growth of disposable income that Chinese consumption will continue to rise in the Leisure and catering, and three or four line of the city's market potential is huge. Therefore, Western-style fast food market is expected to continue to grow rapidly.
Chinese fast-food competition, however. According to Euromonitor consulting, McDonald's and Kentucky Fried Chicken fast-food industry's market share in China has grown from highs of around 57% (respectively 17% and 40% the two brands) decreased to about 37% (two brand 13% and 24%, respectively).
Due to problems with summer chicken suppliers to use expires in 2014 has been exposed, has affected the company's sales. According to McDonald's July 2016 to September earnings, McDonald's China business earnings continued to decline, net profit fell to 3%.
McDonald's announced in May 2015, 4,000 restaurant to franchise restaurants by 2018, with the long-term objective is the 95% restaurant is a franchise restaurant.
McDonald's at the end of March 2016 announced the introduction of strategic investors, has reported more than 10 companies and institutions participated in the bid include BTG, the first agricultural group, Greentree Inn, China National Chemical Corporation, new hope group, three cell group, Bain Capital and TPG group, CITIC and the Carlyle Group, China Cinda asset management Corporation.
According to the securities daily, McDonald's China has said, including China's business, not because of poor performance. But what is undeniable is, in order to further enhance performance, McDonald's restaurant and takeout area is developing digital.
According to industry data, is China's second-largest fast-food chain McDonald's, after running yum with KFC and Pizza Hut chains.
McDonald's sold in mainland China and Hong Kong markets different from the right to the main after yum business stripping China, and in November 2016 will be in a separate listing on the NYSE.
Yum's China to introduce investor is run by former Goldman Sachs greater China Chairman Hu Primavera capital and owned by Jack Ma, Alibaba's Ant-gold suit, jointly invested 460 million dollars to buy part of yum's China Holdings shares. At present, about yum's China's market value is about $10.8 billion. Yum's China holding power in the hands of yum.
20亿美元！麦当劳在中国“卖身”了 - 麦当劳,麦叔叔 - IT资讯
历经9个月，一纸总价值20.8亿美元的协议，麦当劳最终将中国大陆和香港店面的主要股权出售了。
根据麦当劳中国9日公告及中信股份在港交所发布的公告，中信股份、中信资本控股和凯雷投资集团与麦当劳达成战略合作并成立新公司。新公司将以最高20.8亿美元的总对价，收购麦当劳在中国内地和香港的业务，取得两份主特许经营权，期限20年。
收购对价将部分以现金方式及部分向麦当劳发行新公司之新股的方式结算。交易完成后，中信股份和中信资本在新公司中将持有共52%的控股权，凯雷和麦当劳分别持有28%和20%的股权。
交易完成后，麦当劳现有管理管队将留任目标集团。目标公司的董事会将由中信、中信资本、凯雷和麦当劳的代表组成。
麦当劳还表示，该交易仍有待相关监管机构的审批，预计将于2017年年中完成。
截至去年底，麦当劳在中国的直营和特许经营餐厅超过2400家，在香港超过240家。目前，麦当劳在中国拥有逾12万名员工。本次交易完成后，麦当劳在中国内地和香港的1750多家直营餐厅将转为特许经营。
为何出售？
麦当劳正尝试精简其庞大的全球业务，调整其在中国、韩国和东南亚等市场的股权结构。在公司全球最大市场美国面临连续第四年业绩下滑之际，首席执行官Steve Easterbrook正追求转变，以重振公司业绩。
麦当劳在公告中表示，各方将充分利用自身的资源和优势进一步发展麦当劳的业务，包括开设新餐厅（特别是在三、四线城市），提升现有餐厅的销售额，以及在菜单创新、便捷服务、数字化零售、外卖等方面进行拓展提升。预计未来五年将在中国内地和香港开设1500多家新餐厅。
麦当劳首席执行官史蒂夫?伊斯特布鲁克（Steve Easterbrook）先生表示：“中国内地及香港市场蕴藏着巨大商机。我们的合作伙伴业绩出色，对中国市场有着全面了解。各方携手能进一步提升竞争力，实现业务的快速增长，使麦当劳成为中国内地和香港快餐业的领军企业，更好地为顾客服务。”
中信股份在上述公告中称，随着可支配收入的增长，中国居民在休闲和餐饮方面的消费将持续增加，而三、四线城市的市场潜力尤为巨大。因此，预计西式快餐市场仍将保持快速增长。
然而中国快餐市场竞争激烈。欧睿咨询的数据显示，麦当劳和肯德基在中国快餐行业的市场份额已由高点时的约57%（两个品牌分别占17%和40%）下降至约37%（两个品牌分别为13%和24%）。
由于2014年夏季供货商使用过期鸡肉的问题遭曝光，影响了该公司的销售额。根据麦当劳发布的2016年7月至9月财报，麦当劳中国业务盈利持续减少，净利润同比下降3%。
麦当劳曾在2015年5月宣布，在2018年底前将4000家餐厅转为特许经营餐厅，长期目标是95%的餐厅都是特许经营餐厅。
麦当劳在2016年3月底宣布引入战略投资者，先后传出有十多家公司和机构参与过竞购，包括首旅集团、首农集团、格林豪泰、中国化工集团、新希望集团、三胞集团、贝恩资本、TPG、中信集团加凯雷集团、中国信达资产管理公司等。
据《证券日报》，麦当劳中国此前表示，之所以出售包括中国方面的业务，并不是因为业绩差。但不可否认的是，为进一步提升业绩，麦当劳正在大力发展数字化餐厅以及外卖领域。
行业数据显示，麦当劳是中国第二大快餐连锁店，仅次于运营有肯德基和必胜客连锁品牌的百胜集团。
而与麦当劳出售中国大陆和香港市场的主要经营权不同，此前百胜剥离中国业务，并于2016年11月将其在纽交所单独上市。
百胜中国引入的投资者是高盛前大中国区董事长胡祖六经营的春华资本以及阿里巴巴马云旗下的蚂蚁金服，双方联合出资4.6亿美元收购百胜中国控股的部分股份。目前，百胜中国的市值大约为108亿美元左右。百胜中国控股权还在百胜集团手中。