Owner of DQ, Papa John’s China Operations Is Said to Weigh $500 Million Sale
A Dairy Queen restaurant in Shanghai, China.
Photographer: Qilai Shen/BloombergFountainVest Partners is considering selling the franchise operator of Papa John’s and Dairy Queen in China, people familiar with the matter said.
The private equity firm is in discussions with financial advisers about the potential disposal of CFB Group, which also owns Chinese restaurant brands Brut Eatery and Jin Ya Ju. A transaction may value CFB at about $500 million, the people said, asking to not be identified because the deliberations are private.