Prax Capital related stories
All articles and analysis
Prax Capital invests in Xi’an projectPrax is set to take advantage of a projected population boom in Xi’an, the capital of China’s Shaanxi province, by investing almost $30m in a residential development in the city. The population of Xi’an is due to grow to 5.3m by 2020 – up from 3.1m in 2007.
- Prax to raise RMB1.5bn under Shanghai initiative
The China-focused firm plans to raise both a real estate and private equity fund denominated in the local currency.
- 3i and Prax Capital exit Little Sheep
The two firms in 2006 innvested $25m in the Inner Mongolian hot pot restaurant chain, which was listed on the Hong Kong stock exchange in June 2008. US restaurant company Yum! brands, which owns chains including Taco Bell and KFC, has paid $63m for a 20% stake in Little Sheep.
- Prax Capital funds Chinese hotel chain
The firm has invested $10m to back the expansion plans of Blue Horizon Group as it looks to tap into growing demand in the hospitality sector in China.
- 3i takes minority stake in Little Sheep
3i, a global private equity house, has led a $25m investment in expanding a Mongolian restaurant chain known as Little Sheep.