Carlyle teams up with Korean dairy to buy McDonald’s local unit
Sep 01, 2016 (Gmt+09:00)
Maeil Dairy Industry Co., a South Korean milk product maker and restaurant operator, has recently entered the race in consortium with Carlyle to buy the South Korean unit of the fast food giant, and expressed its interest to the selling side, those sources said. Maeil hired J.P. Morgan as its advisor for the auction. J.P. Morgan is also advising Carlyle on the deal.
“Initially, Maeil Dairy had considered participating in the auction on its own,” one of the IB sources told the Korea Economic Daily. “It seems that Maeil has decided to join forces with Carlyle because of J.P. Morgan’s suggestion.”