3 6 Ke·2025-09-12 10:20Group 1 - Starbucks China is in the process of selling its equity, with shortlisted bidders including Carlyle Group, EQT, Sequoia China, and Boyu Capital, among others [1] - Over 20 institutions expressed interest in acquiring Starbucks China, including Luckin Coffee's shareholder Dazhong Capital and tech giant Tencent [1] - The transaction agreement is expected to be reached by the end of October, although specific negotiations have not yet begun [1][2] Group 2 - The valuation of Starbucks China is currently estimated at $5 billion, significantly lower than the previously mentioned $10 billion [2] - The high valuation was attributed to Starbucks China's strong performance in the second quarter, with a year-on-year revenue growth of 8% to $790 million [2] - The potential buyers may form a consortium, including both internet giants and private equity firms, to acquire Starbucks China [2] Group 3 - EQT, a private equity giant, has a strong track record in mergers and acquisitions, with single investments typically ranging from €5 billion to €15 billion [3][4] - EQT's assets under management globally are approximately €270 billion, with €25 billion managed in Asia, primarily acquired through the purchase of BPEA [3] - The leadership team at EQT Asia is noted for their expertise in acquisitions, holding shares obtained through previous purchases, which positions them as significant stakeholders [3]