Burger King China Backer CPE Plans London Base for Europe Deals

One of China’s largest private equity firms is opening a London office as it sets its sights on more deals in Europe, according to people familiar with the matter.

CPE, which manages roughly $22 billion of assets and is set to take majority ownership of Burger King in China, will target investments in the consumer, health-care and advanced manufacturing sectors across the region, the people said, asking not to be identified discussing confidential information. The London base will also allow it to help its portfolio companies expand overseas, one of the people added.