Going Private

Private Equity Gobbles Up Japan’s Fast Food Deals

KFC, Burger King on the menu for investment firms 

Customers wait in line outside a Burger King store in Tokyo, Japan

Photographer: ROBERT GILHOOLY
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Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at rising regulatory vigilance of insurers piling into private credit, the European aspirations of one US private capital giant and the vast sums of borrowed cash behind 2025’s dividend recap boom. But first we look at how Japan’s fast food cravings are feeding US private equity. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net

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Buyout houses hungry for profit are cashing in on Japan’s unlikely love affair with low-cost US fast food.