3I gets 3 times return from Little Sheep sale

HONG KONG, March 25 (Reuters) - UK private equity firm 3I Group (III.L) got returns of three times its investment from its sale of an 11.32 percent stake in China hot-pot chain operator Little Sheep, a source with direct knowledge of the deal said on Wednesday.

Yum! Brands Inc (YUM.N) agreed to buy about 20 percent of Little Sheep for about $63 million. [ID:nWEN6453]

Little Sheep 0968.HK said on Wednesday Yum! Brand would buy the stake at HK$2.4 per share, or an 8.4 percent discount to its closing price of HK$2.62 on Tuesday. (US$1=HK$7.75) (Reporting by George Chen; editing by Jonathan Hopfner)