M&A Deal Summary

Bain Capital Private Equity Acquires Fogo de Chão

On August 15, 2023, private equity firm Bain Capital Private Equity acquired restaurant Fogo de Chão from Rhône Group

Acquisition Highlights
  • This is Bain Capital Private Equity’s 6th transaction in the Restaurants sector.
  • This is Bain Capital Private Equity’s 115th transaction in the United States.
  • This is Bain Capital Private Equity’s 10th transaction in Texas.

M&A Deal Summary

Date 2023-08-15
Target Fogo de Chão
Sector Restaurants
Buyer(s) Bain Capital Private Equity
Sellers(s) Rhône Group
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley
Deloitte (Financial)
Sullivan & Cromwell (Legal)

Target

Fogo de Chão

Dallas, Texas, United States
Fogo de Chão is a Brazilian steakhouse, or churrascaria, which has specialized in fire-roasting high-quality meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. Fogo de Chão was founded in 1979 and is based in Dallas, Texas.

Search 197,704 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 221 of 233
Sector (Restaurants) 6 of 6
Type (Secondary Buyout) 60 of 65
State (Texas) 10 of 10
Country (United States) 115 of 124
Year (2023) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-11 Chindata Group Holdings

Beijing, China

Chindata Group Holdings is an entity that provides carrier-neutral hyper-scale data center solutions in China, India, and Southeast Asia markets. It offers colocation and managed, energy procurement and transmission, infrastructure, and IT and network services. Chindata Group Holdings was founded in 2015 and is based in Beijing, China.

Buy $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Harrington

Chino, California, United States

Harrington is a distributor of industrial products for corrosive and high-purity applications. The company distributes and fabricates products that move fluids in corrosive and high-purity process applications. Products include thermoplastic pipes, valves, fittings, tanks, tubing and hose, pumps, filtration, and instrumentation. Harrington was formed in 1959 and is based in Chino, California.

Buy -

Seller(S) 1

SELLER

Rhône Group

New York, New York, United States

Category Private Equity Firm
Founded 1996
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.


DEAL STATS #
Overall 17 of 17
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 6 of 6
State (Texas) 2 of 2
Country (United States) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Paragon Films

Broken Arrow, Oklahoma, United States

Paragon Films is a manufacturer of high-performance cast stretch films that are principally used to unitize loads while in storage and transit. Paragon Films produces thin-gauge films which outperform competitors in terms of quality, consistency, and value. Paragon Films was founded in 1988 and is based in Broken Arrow, Oklahoma.

Buy -