RBI and CPE Complete Previously Announced Joint Venture to Reignite Growth at Burger King® in China

Core Insights - CPE has invested $350 million in primary capital to expand Burger King China, aiming to grow the restaurant count to over 4,000 by 2035 [1][3] - The joint venture between CPE and Restaurant Brands International (RBI) combines Burger King's brand strength with CPE's local market expertise, positioning the business for accelerated growth [2][3] - The partnership includes a 20-year master development agreement, granting exclusive rights to develop the Burger King brand in China [3] Company Overview - Restaurant Brands International Inc. (RBI) is a major player in the quick service restaurant sector, with over $45 billion in annual system-wide sales and more than 32,000 restaurants globally [4] - RBI owns several prominent brands, including Burger King, and is focused on sustainable practices through its Restaurant Brands for Good framework [4] - CPE is a leading alternative asset manager in Asia, managing approximately $22 billion in assets and pursuing a long-term value investment strategy across various sectors [5]