Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
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
