Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Amazon Prime Day 2026 Sales Top $26.4 Billion as Shoppers Chase Discounts Amid Inflation 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
NATO Albania Summit Faces Uncertainty as Trump, Defense Spending Concerns Loom 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Bain Capital, an American private investment firm based in Boston, has acquired Fogo de Chao, a famous international restaurant brand that is known for its rodízio-style steakhouses. The PEF firm is buying the Brazilian chain from the Rhone Group.
Fogo de Chao is a fast-growing steakhouse chain that was already preparing for an initial public offering (IPO). However, the acquisition deal has changed the course in which the restaurant company has been traversing.
As per Restaurant Business, Bain Capital's purchase of Fogo de Chao represents a big change in the plans to go public. It is not clear if the IPO route will still be taken once the acquisition is completed.
It was reported that the deal's financial terms were not revealed to the public. The Boston, Masacchussets headquartered private equity firm will gain all of the 76 units of Fogo de Chao restaurants around the world.
The brand operates 58 dining places in the United States, and the rest are located in other regions, including Mexico, the Middle East, and Brazil. Previously, the company shared its ambitious plan of expanding to the Philippines, Canada, Bolivia, and Costa Rica, Forbes reported in April.
"Over the past several years, we made significant progress enhancing our unique offering and ability to bring the very best in experiential dining to more guests than ever before," Barry McGowan, Fogo de Chao's chief executive officer, said in a press release. "We thank the Rhône team for their partnership during a critical and successful period in our history. Bain Capital shares our vision, and we are excited to leverage their extensive experience investing in and supporting the global growth of restaurant businesses."
Mark Saadine, a principal at Bain Capital, also added that they "look forward to partnering with Barry and team, and supporting them with our experience and resources to help accelerate growth while maintaining Fogo's distinctive authenticity."
Photo by: Bain Capital Press Release
