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. © avlxyzWith 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.See full article.Related Entries: Is China SAFE for Private Equity Investors? - 25 July 2005Private Equity Faces Hurdles in China - 13 November 2007Baird Private Equity the Latest Fund to Look Toward China - 07 March 2008Private Equity in China Set to Grow? But, Define "Private" - 15 March 2008Contents of this feed are a property of Creative Weblogging Limited and are protected by copyright laws. Violations will be prosecuted. Please email us if you'd like to use this feed for non-commercial activities at feeds - at - creative-weblogging.com.