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REUTERS/Paulo Whitaker/file photo Acquire Licensing RightsNEW YORK, Aug 15 (Reuters) - Private equity firm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1 billion, including debt. The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560 million in 2018. The restaurant chain confidentially submitted paperwork for an initial public offering to regulators in late 2021, the sources said. Earlier in August, the Pollo Tropical restaurant chain was sold to Authentic Restaurant Brands for $225 million. Morgan Stanley & Co LLC is serving as financial adviser to Fogo de Chão and Rhône, while Sullivan & Cromwell served as legal counsel.

Persons: Paulo Whitaker, Rhône, Bain, Burger King, Dunkin, Ellis, Morgan Stanley, Sullivan, Cromwell, Abigail Summerville, Anirban Sen, Jonathan Oatis Organizations: Fogo de Chao, REUTERS, Bain Capital, Rhone Capital, Dunkin ’ Brands Inc, Brands Inc, Benihana, Deutsche Bank, Kirkland, Thomson Locations: Fogo de, Fogo de Chao Brazilian, Sao Paulo, Brazil, Chão, Fogo, Rhone, Southern Brazil, dealmaking, Sandwich, New York

☆ Italy's Illycaffe aims to make a bigger splash in the U.S. market, CEO says
▼ + stars: | 2023-03-30 | by ( Elisa Anzolin | ) www.reuters.com time to read: +2 min

North America already accounts for one fifth of the Italian group's revenues and reported a 27% increase in sales last year. Illycaffè reported a 14% increase in revenues to 568 million euros ($615 million) last year. Operating profit grew to 71.4 million euros, despite a 43 million euro increase in costs, mainly linked to increased prices for raw coffee beans, energy and logistics. Scocchia expects an increase in revenues and profitability this year, but the sales growth could be slower compared to last year. The group plans 270 million euro in investments by 2026, with 120 million euros earmarked to enlarge its plant in Trieste in northeast Italy which will double its production capacity.

☆ Rheinmetall agrees 1.2 billion euro deal to acquire Spanish explosives maker Expal
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 13 (Reuters) - German military equipment manufacturer Rheinmetall (RHMG.DE) said on Sunday it has agreed a deal to acquire Spanish explosives and ammunition maker Expal Systems for an enterprise value of 1.2 billion euros ($1.24 billion). Expal is a subsidiary of Spanish company Maxam, owned by private equity firm Rhone Capital. With the acquisition, Rheinmetall said it aims to bolster its core weapon, ammunition and propellants business. Rheinmetall said Expal Systems expects sales in 2023 of around 400 million euros. Expal has a workforce of more than 1,000 employees and 11 production sites and is present in over 60 countries.

☆ Rheinmetall to acquire Spanish explosives maker Expal for 1.2 billion euros
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 13 (Reuters) - German military equipment manufacturer Rheinmetall (RHMG.DE) said on Sunday it has agreed to acquire Spanish explosives and ammunition maker Expal Systems for an enterprise value of 1.2 billion euros ($1.24 billion). Expal is a subsidiary of Spanish company Maxam, owned by private equity firm Rhone Capital, and generated revenue of 350 million euros in 2021, according to a source familiar with the deal. Expal has a workforce of more than 1,000 employees and 11 production sites and is present in over 60 countries. ($1 = 0.9660 euros)Reporting by Andres Gonzalez, editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

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