... agreement under which THL will acquire from GP Investments Fogo de Chao Churrascaria (Holdings), LLC ("Fogo"), a group of fine dining, full-service restaurants headquartered in Dallas, TX with eighteen locations in the U.S. and seven locations in Brazil.
Buyout shop Thomas H. Lee Partners, L.P., has acquired restaurant chain Fogo de Chao Churrascaria. The seller was GP Investments. Terms were not released. Fogo de Chao Churrascaria operates 18 restaurants in the U.S. and seven in Brazil.
After expanding to the US in 1997, Fogo de Chão now has more than half of its 25 restaurants in the US and has moved its headquarters to Dallas, Texas. “With three new restaurants opened in the past 12 months, Fogo has charted a compelling growth path ...
“With three new restaurants opened in the past 12 months, Fogo has charted a compelling growth path. We couldn’t be more pleased to be partnering with an investor like THL,” said Larry Johnson, CEO with Fogo de Chao, commenting in a news releas
which operates Fogo de Chao restaurants, upscale Brazilian steakhouses with locations in the U.S. and Brazil. The transaction is expected to close sometime in the third quarter of this year, pending regulatory approval. THL did... To view the full article ...
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