carve outs

Disruption caused by the fractious relationship between the world’s two biggest economies spells opportunity for the nimblest investors. Funds are looking to potentially bridge gaps in broken supply chains, take companies private and carve out Chinese units from MNCs.

CITIC and CITIC Capital will have a controlling stake of 52%, while Carlyle and McDonald’s will have interests of 28% and 20%, respectively.

China has lost its sheen for some foreign companies. But although getting into the country might have seemed difficult, getting out can prove even tougher.

Japanese companies are finally willing to cut the cord and sell non-core assets to private equity firms. But supply is limited — and bidding looks likely to be ultra-competitive.

The camera maker joins a growing trend of Japanese companies selling non-core units.