QSR process ends without result as Carlyle, CVC turned down
The series of bids for the controlling stake in Malaysian fast-food group QSR Brands owned by parent group Kulim have ended without result for the Carlyle Group and CVC Capital Partners Asia Pacific, with the target turning down all approaches.
"As the company said, they would like to keep the asset with the group," a spokesperson at Carlyle confirmed to AVCJ. The process, which began when Kulim rejected an unsolicited bid from local tycoon Halim...
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