Renowned International Restaurant Brand Fogo de Chão to be Acquired by Bain Capital Private Equity from Rhône Capital

Fogo de Chão, the internationally renowned restaurant brand from Brazil, is set to undergo a significant change. The restaurant has announced its acquisition by Bain Capital Private Equity, a global private equity firm, from Rhône Capital. This move is expected to accelerate Fogo de Chão's growth and expansion plans. The restaurant will continue to operate under its current management team, led by CEO Barry McGowan.

Founded in Southern Brazil in 1979, Fogo de Chão has gained widespread recognition for its unique concept of churrasco, a centuries-old cooking technique that involves roasting high-quality cuts of meat over an open flame. With 76 locations worldwide, Fogo de Chão has established itself as a market leader in the culinary world, offering guests an exceptional dining experience.

Under Rhône Capital's ownership, Fogo de Chão has experienced remarkable growth, achieving an annual growth rate of 15% for the past three years. The partnership between Fogo de Chão and Rhône has been instrumental in refining the brand and expanding its presence across the United States and internationally.

The acquisition by Bain Capital Private Equity marks a new chapter for Fogo de Chão. Bain Capital, with its extensive experience in investing in and supporting the growth of restaurant businesses, shares Fogo de Chão's vision and is committed to preserving the brand's distinctive authenticity. The partnership aims to further accelerate Fogo de Chão's growth trajectory and meet the increasing demand for unique and authentic dining experiences.

Both Fogo de Chão and Bain Capital are excited about the future prospects of the restaurant brand. As part of the transaction, Fogo de Chão will receive debt financing led by Deutsche Bank. The acquisition is expected to be completed in September, subject to customary closing conditions and regulatory approvals.

The announcement of this acquisition showcases the confidence that Bain Capital has in Fogo de Chão's potential for further success. The strategic resources and expertise that Bain Capital brings to the table will undoubtedly fuel the restaurant's growth and solidify its position as a global leader in the industry.

The partnership between Fogo de Chão and Bain Capital exemplifies the latter's commitment to supporting companies across various sectors, including healthcare, consumer/retail, financial and business services, industrials, and technology, media, and telecommunications. Bain Capital's global team of investment professionals will leverage their experience and resources to drive Fogo de Chão's expansion while maintaining the brand's unique Brazilian heritage.

With offices in 23 locations across four continents, Bain Capital has a proven track record of partnering with companies to accelerate growth. Their investments in the consumer, retail, and restaurant industries include renowned names such as Burger King, Domino's Pizza, Dunkin' Brands Group, and Valeo Foods. The firm's vast experience and strategic investments have contributed to the success of companies both domestically and globally.

Fogo de Chão's acquisition by Bain Capital Private Equity marks an exciting milestone for the restaurant brand. As the transaction nears completion, Fogo de Chão remains committed to delivering exceptional dining experiences to its guests with its signature churrasco technique, market table, and feijoada bar. The restaurant will continue to offer a range of menus for different dayparts, including lunch, dinner, weekend brunch, and group dining. Additionally, Fogo de Chão provides full-service catering and contactless takeout and delivery options for added convenience.

To find a Fogo de Chão location near you or to learn more about the brand, visit their official website at fogodechao.com. The website also provides information on Fogo de Chão's menu offerings, including dry-aged and premium Wagyu cuts, seafood, a la carte options, and a selection of signature cocktails. As an award-winning restaurant, Fogo de Chão prides itself on its commitment to providing an unforgettable dining experience.

In conclusion, the acquisition of Fogo de Chão by Bain Capital Private Equity represents a significant development for the internationally renowned restaurant brand. With Bain Capital's support and expertise, Fogo de Chão is poised for continued growth and success as it delivers unique and authentic dining experiences to guests worldwide.