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3i to Cash In On Restaurant Chain in China

Filed in archive Private Equity on March 31, 2008

UK private equity firm 3i looks set to cash in on its investment two years ago in on of China's largest restaurant chains.

The restaurant chain Little Sheep looks set to float an IPO in Hong Kong later this year that could be worth as much as about US$250 million, according to the business section of the Sunday Times. The hotpot restaurant started in inner Mongolia and now has over 700 outlets. Guests select raw ingredients and cook them themselves in a pot of broth at their table.

3i to Cash In On Restaurant Chain in China
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With the help of 3i funding, Little Sheep has expanded into the international market and now has over 300 outlets in Canada, the US and Japan.

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Tags: Little  Sheep  3i  private  equity  PE  china  private+equity 

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