Boyu Capital is frontrunner for controlling stake in Starbucks China

Boyu Capital has become the leading contender to acquire a controlling stake in Starbucks’s China operations, as reported by Bloomberg. The private equity company has reportedly outbid rivals including Carlyle Group. A deal could value Starbucks’s Chinese business at more than $4bn. Negotiations between Starbucks and Boyu are expected to take several months and are not guaranteed to translate into a deal. Internet companies and other investors could participate as limited partners to co-finance a potent ...