GP Investments buys Fogo de Chão

GP Investments buys Fogo de Chão

Brazilian churrascaria chain’s equity valued at $95 million

GP Investments Ltd. has acquired full ownership of Fogo de Chão, the 23-unit Brazilian churrascaria chain, the private equity firm said Sunday in a statement.

GP Investments, through its private equity fund GP Capital Partners III LP and other investors, had held a 35 percent stake in Fogo de Chão since 2006. With the purchase of the remaining 65 percent, GP Investments valued the equity in Fogo de Chão at $95 million. Terms of the deal, however, were not disclosed

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