Davis Polk is advising Fogo de Chão, Inc. on its $560 million acquisition by Rhône Capital. The transaction is expected to be completed during the second quarter of 2018, subject to regulatory approvals and other customary closing conditions.
Fogo de Chão is a Brazilian steakhouse operator with locations in Brazil, the United States, Mexico and the Middle East. Rhône is a global alternative investment management firm with more than $5 billion in assets under management.
The Davis Polk corporate team includes partners John H. Butler and Richard D. Truesdell Jr. and associates Matthew S. Bryant, Shanu Bajaj, Samuel F. Page and Michael Zhuoran Xu. Partner Michael Mollerus and associate Ariel David Siman are providing tax advice. Partner Kyoko Takahashi Lin is providing executive compensation advice. Partner Joseph P. Hadley is providing credit advice. All members of the Davis Polk team are based in the New York office.