Thomas H. Lee Partners has entered into a definitive agreement with GP Investments to acquire the full-service restaurant chain Fogo de Chão for $400 million. Established in 1979 in Southern Brazil, Fogo de Chão is an authentic Brazilian steakhouse with 7 locations in Brazil and 18 eateries in the U.S. The transaction is expected to close in the third quarter.
Restaurants and Bars
Full-service steakhouse featuring Southern Brazilian cuisine