Fogo de Chão, Inc. Initial Public Offering
Davis Polk advised Fogo de Chão, Inc. (“Fogo”) on its $101.5 million initial public offering of 5,073,528 shares of its common stock, par value $0.01 per share. The common stock is listed on the NASDAQ Global Select Market under the symbol “FOGO.”
Fogo de Chão (fogo-dee-shoun) is a leading Brazilian steakhouse, or churrascaria, which has specialized for over 35 years in fire-roasting high-quality meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. Fogo delivers a distinctive and authentic Brazilian dining experience through the combination of high-quality Brazilian cuisine and a differentiated service model known as espeto corrido (Portuguese for “continuous service”) delivered by gaucho chefs. The first Fogo de Chão opened in Brazil in 1979. The company currently operates 26 restaurants in the United States, 10 in Brazil and one joint venture restaurant in Mexico.
The Davis Polk corporate team included partner Richard D. Truesdell, counsel Meredith L. Mackey and associates Joseph W. Clementz, Eric Xiyu Li, Eileen Juyon Park and Reid B. Fitzgerald. The tax team included partner Michael Mollerus and associates Tracy L. Matlock and Caitlin Piper. Partner Kyoko Takahashi Lin provided executive compensation advice. All members of the Davis Polk team are based in the New York office.