Rhône to gobble up Fogo de Chão, while THL doubles its money

Fogo de Chao, restaurant, Brazil, private equity, merger, M&A, Thomas H. Lee Partners, Rhone Capital
  • THL invested in Fogo de Chão in July 2012 in deal valued at $400 mln
  • THL still owns about 60 pct, or 17.1 mln shares, of Fogo
  • Fogo specializes in fire-roasting meats using churrasco technique
After more than five years, Thomas H. Lee Partners LP will double its money with the sale of Fogo de Chão Inc. Rhône Capital said Feb. 20 that it would buy Fogo in a deal valued at $560 million. Rhône ...

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