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Brazilian Investor Snags US Restaurant Group For $100M

Law360 (March 8, 2018, 1:19 PM EST) -- An affiliate of a private equity fund controlled by Brazil’s GP Investments Ltd. said Thursday it will take over U.S. restaurant chain company Bravo Brio Restaurant Group Inc. in a $100 million deal.

GP, through an unnamed affiliate of Spice Private Equity Ltd., will pay $4.05 for each Bravo Brio share, representing a 37 percent premium on the company’s average share price over the past 90 days.

Through Spice, GP will now control the Columbus, Ohio-based company, which owns and operates Italian style restaurant chains Bravo...
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