Fogo de Chao Fogo de Chao Restaurant Chain Sells for $560M

Plano, TX-headquartered Fogo de Chao restaurants is selling to Rhone Capital, a New York-based, private investment firm in an all-cash deal valued at $560 million. The sale represents the second time the brand has changed hands in recent years. According to a company release, the transaction is the result of a “comprehensive strategic alternatives review process taken by the company’s board of directors.”


Click to read more at connect texas.