July 28, 2011
PE firm GP Investments has acquired the remaining 65% stake in Brazilian re
PE firm GP Investments has acquired the remaining 65% stake in Brazilian restaurant operator Fogo de Chao Churrascaria it did not already own. According to S&P, the Brazilian firm intends to partially finance the deal with a $195m, 7-year term loan and a $10m, 5-year revolver, which JP Morgan was heard leading. GP acquired its original, 35% stake in the company in 2006.