#fogo $FOGO
BrIan Capital
On August 15, 2023, Bain Capital Private Equity announced a $1.1 billion agreement to acquire Brazilian steakhouse chain #Fogo de Chão from Rhône Capital, which had taken the company private in 2018.
The transaction was advised on the legal side by Kirkland & Ellis and was expected to close in September 2023 following customary regulatory approvals.
FOGO
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The deal reflects continued private equity interest in premium dining concepts with strong brand equity and international expansion potential.
Fogo de Chão, known for its churrascaria-style dining experience, has expanded significantly in the U.S. and abroad, positioning itself as an upscale experiential restaurant brand rather than a traditional casual dining chain.