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Announced

Completed

Tencent completed an investment in Tim Hortons China.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

fast food chain

Minority

Soft Drinks

Completed

Acquisition

Single Bidder

China

Private

Food Products

Private Equity

Synopsis

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Tencent, a Chinese multinational conglomerate holding company, completed an investment in Tim Hortons China, a fast food restaurant chain. Financial terms were not disclosed. Tim Hortons will use the funds to upgrade digital infrastructure and open more stores in China. The company said it would expand store numbers in China from 50 now to 1.5k.

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