---
title: "According to reports, Fangyuan Capital plans to sell the mainland operator of Papa Johns and DQ"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275563024.md"
description: "Fangyuan Capital is considering selling its Papa Johns and DQ franchisee CFB Group in mainland China, with an estimated valuation of around $500 million. The formal sale process may start later this year, but it could also be halted. CFB Group operates over 1,800 stores in Greater China and employs more than 10,000 people. Fangyuan Capital acquired CFB Group in 2022, but the purchase price was not disclosed"
datetime: "2026-02-11T06:46:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275563024.md)
  - [en](https://longbridge.com/en/news/275563024.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275563024.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275563024.md) | [繁體中文](https://longbridge.com/zh-HK/news/275563024.md)


# According to reports, Fangyuan Capital plans to sell the mainland operator of Papa Johns and DQ

According to a report by Bloomberg, FountainVest is considering selling the franchisee CFB Group for Papa John’s and Dairy Queen (DQ) in mainland China, with a company valuation of approximately $500 million. As FountainVest is evaluating the transaction, the formal sale process may not begin until later this year, and FountainVest may also suspend the sale.

According to official information, CFB Group operates over 1,800 stores in the Greater China region and employs more than 10,000 full-time and part-time staff. Its brands also include Brut Eatery and Jinwa Ju. FountainVest acquired CFB Group from EQT AB in 2022, but the purchase price has not been disclosed

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