Rhône Capital (Rhône) has agreed to sell Fogo de Chão (Fogo), the internationally renowned restaurant brand from Brazil, to Bain Capital Private Equity for $1.1 billion.
Founded in Southern Brazil in 1979, Fogo features the centuries-old cooking technique of churrasco —the art of roasting high-quality cuts of meat over an open flame — at its 76 locations worldwide. Under Rhône’s ownership, Fogo saw rapid growth across markets and is currently in its third year of 15 percent annual growth.
The S&C team advising Rhône and Fogo on corporate matters includes Richard Pollack, Costanza Posarelli, Zainab Cheema and Stephanie Taylor. Eric Wang, Michael Orchowski and Tristan M. Hood are advising on tax matters. Neal McKnight, Daniel R. Loeser and Patrick D. Lee are advising on finance matters. Jeannette Bander and Joyce Lee are advising on executive compensation matters. Mehdi Ansari, Matthew Rosenberg and Jamie Chang are advising on intellectual property matters. Eric H. Queen, Bradley P. Smith and Clea M. McClellan are advising antitrust matters. Juan Rodriguez and Marielena Doeding are advising on global competition matters. Matthew Brennan is advising on environmental matters.
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