Thomas H. Lee Partners to buy Fogo de Chão in deal valued at $400M

Thomas H. Lee Partners to buy Fogo de Chão in deal valued at $400M

Private equity firm Thomas H. Lee Partners LP said Tuesday it has agreed to buy the 25-unit Fogo de Chão chain from GP Investments Ltd.

GP Investments, based in Sao Paulo, Brazil, valued the deal for the full-service Brazilian-style churascarria chain at about $400 million. The companies said they expect to close the deal in the third quarter.

Boston-based Thomas H. Lee Partners, or THL, was part of a group that bought Dunkin’ Brands Inc. and took it public in 2011.

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