Burger King Worldwide’s (BKW) announcement that a new joint venture has been established in China to expand the presence of its brand is “a fascinating testament to how internationalised the Chinese market has become,” said Heiner Braun, a lead lawyer involved in the deal.
An agreement was concluded between BKW and Cartesian Capital Group, a US-based private equity firm, and members of the Kurdoglu family, a long-time master franchisee for the Burger King brand in Turkey.
Freshfields Bruckhaus Deringer advised BKW on the new joint venture deal. The firm’s team was led by Braun, its Shanghai managing partner, with partners from the firm’s Hong Kong, Dusseldorf and Washington offices also involved.
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