Bain Capital Fogo de Chao Business Overview

Fogo de Chao is a Brazilian steakhouse chain that was acquired by Bain Capital in 2012.

The company was founded in 1979 by Jairo Campelo in Porto Alegre, Brazil.

Fogo de Chao offers a unique dining experience where customers can enjoy a wide variety of grilled meats, including steaks, sausages, and chicken, in a lively and festive atmosphere.

The chain has over 30 locations in the United States and several in Brazil.

Fogo de Chao's latest funding round was a Acq - Fin - III on August 15, 2023, with Bain Capital as the investor.

The company's valuation in February 2018 was $560M, a significant milestone in its history.

Fogo de Chao's latest post-money valuation is from February 2018, indicating a substantial increase in its value.

Here's a breakdown of the company's financial metrics:

Fogo de Chao's revenue in FY 2014 was $64.95T, with a revenue multiple of 8.39x.

Fogo de Chao's deal structure is available for 3 funding rounds, including their Take Private from February 20, 2018. This deal was a significant milestone in the company's history.

Bain Capital's involvement with Fogo de Chao is notable, but the specifics of their deal terms are scarce in the available information.

Fogo de Chao's deal structure allows for 3 funding rounds, and one of them is the Take Private deal from February 20, 2018.

Fogo de Chao has a total of 4 investors who have supported the company through various funding rounds.

Bain Capital is one of the investors, and it participated in Fogo de Chao's Acq - Fin - III funding round, which took place on August 15, 2023.

Rhone Capital, Thomas H. Lee Partners, and GP Investments are the other three investors, but their specific funding rounds and details are not publicly available due to subscription requirements.

Here's a breakdown of the investors:

Fogo de Chão's name translates to "ground fire", a nod to the traditional gaúcho method of roasting meats over an open fire.

Their restaurants are typically located in busy metropolitan areas throughout the US, with an average size of 10,600 square feet.

The design of their locations is considered "warm and contemporary yet timeless", aiming to enhance the guests' experience.

Their flagship midtown Manhattan location spans three levels, covering 16,000 square feet, and features private and semi-private dining areas for special events.

Fogo de Chão has been renovating older restaurants to match their new design aesthetic throughout the chain.

The restaurants often include a buffet-style salad bar, referred to as the "Market Table", and a bar called "Bar Fogo".

Fogo de Chão has been around for 44 years, and today they have 76 churrascarias across the globe. They're not just limited to the US and Brazil, but also have a presence in Mexico, Canada, Ecuador, Saudi Arabia, and the UAE.

The company has had its fair share of investors over the years. They received a $64 million investment from GP Investimentos in 2006, which gave them a 40% stake in the operation.

GP Investimentos ended up acquiring the entire capital of Fogo de Chão in 2011 for $95 million. This was a significant move, but it wasn't the only change the company went through.

In 2012, Thomas H. Lee Partners bought Fogo de Chão for $400 million, and then took the company public on the Nasdaq in 2015, raising $88 million in the process.

Here's a quick rundown of the investors and their deals: