CVC stalled in QSR process against Carlyle, KKR rumored: reports
The newly formed consortium of CVC Capital Partners Asia Pacific and Malaysian group Idaman Saga has failed to top a bid by the Carlyle Group for QSR Brands Bhd, the local food services group that controls franchises for Kentucky Fried Chicken plus Pizza Hut in Malaysia, Singapore and Brunei, according to reports.
The original Reuters report stated that Idaman Saga, linked to construction and diversified holdings magnate Halim Saad, had publicly stated that it had struck a deal with the CVC Capital Partners Asia...
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