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
A chef prepares meat at the Fogo de Chao Brazilian steakhouse, where food is prepared in the traditional gaucho way, in Sao Paulo April 15, 2014. Sao Paulo is one of the host cities for the 2014 World Cup in Brazil. REUTERS/Paulo Whitaker (BRAZIL - Tags: SPORT SOCCER WORLD CUP TRAVEL FOOD) - GM1EA4G0B7V01
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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