Latest news with #FountainVest
Nikkei Asia
3 days ago
- Business
- Nikkei Asia
Starbucks courts buyers as it weighs sale of China business
Caixin Hillhouse Capital, FountainVest and Trustar Capital among potential suitors Starbucks is struggling to maintain its share in China's highly competitive coffee market, having been overtaken by local upstart Cotti Coffee and market leader Luckin Coffee. FENG YIMING, QU YUNXU and HAN WEI, Caixin Starbucks is considering selling its China operations, signaling a strategic shift as the American coffee giant grapples with declining market share and mounting pressure from low-cost domestic rivals. According to people familiar with the matter, the Seattle-based company has recently held preliminary talks with more than a dozen potential acquirers, including private equity firms Hillhouse Capital Group, FountainVest Partners Co. Ltd. and Trustar Capital.
Bloomberg
23-06-2025
- Business
- Bloomberg
Starbucks Rises on Report It's Mulling Sale of China Business
Starbucks Corp. shares rose in late trading on Monday after Caixin Global reported the company is considering a full sale of its China business, citing people familiar with the matter. The company has held preliminary talks with more than a dozen potential partners, including private equity firms Hillhouse Capital Group, FountainVest Partners and Trustar Capital, Caixin reported.
Bloomberg
13-06-2025
- Business
- Bloomberg
Trustar Seeks Up to $1 Billion Loan for Loscam Dividend Payout
Asian private equity firm Trustar Capital is in talks with banks for an around $900 million to $1 billion loan to fund a payout to the shareholders of pallet maker Loscam Asia Pacific Co., which it owns a stake in alongside FountainVest Partners, according to people familiar with the matter. Trustar, formerly known as Citic Capital, is reaching out to regional and international banks for the loan, which could carry a tenor of five years, the people said, who asked not to be identified discussing private matters. The borrowing's details could change as discussions are ongoing, the people added.
Bloomberg
28-05-2025
- Business
- Bloomberg
FountainVest Seeks $1.32 Billion in Arc'teryx Maker Share Sale
An Asian private equity firm is seeking to raise as much as $1.32 billion in a sale of about half its shares in Amer Sports Inc., as early investors in the maker of sporting goods including Arc'teryx clothing look to cash out. Affiliates of FountainVest Partners are offering 35 million shares of Amer for $37.20 to $37.73 each, according to terms of the deal seen by Bloomberg News. The buyout firm was part of a consortium that acquired Amer for $5.2 billion in a deal completed in 2019.
