Carlyle, EQT Among Final Bidders for Starbucks China Stake

SBUX
September 21, 2025
On September 11, 2025, sources reported that global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group (HSG) and Boyu Capital, are preparing final offers for a controlling stake in Starbucks' China operations. This development indicates the advanced stage of a significant potential transaction. Starbucks has been exploring strategic partnerships to revive flagging sales in its second-largest market, which has faced intense competition and a challenging economic environment. The involvement of major private equity firms underscores the strategic importance and potential value of the China business. For investors, this signals that a deal to bring in a local partner and potentially inject capital into the China business is nearing completion. Such a partnership is expected to provide crucial expertise and resources to navigate the competitive landscape and drive future growth in the region. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.