Fogo de Chão, a Brazilian steakhouse restaurant brand, entered into a definitive agreement to be acquired by Bain Capital Private Equity to accelerate growth and expansion. Deutsche Bank led debt financing for the transaction and is also serving as financial advisor to Bain Capital.
According to Deloitte’s CFO Signals Survey, CFOs are showing greater optimism for their organizations’ financial prospects, with 67% reporting they are somewhat or significantly more optimistic compared with three months ago.
Freeport Financial Partners, a U.S.-based lower middle market direct lending manager, appointed James Colletti and Ryan VanDagens to associate roles. They will be responsible for sourcing, structuring and managing middle market debt investments for Freeport loan funds.
Global professional services firm Alvarez & Marsal hired Boston-based Michael Niarchos as a managing director in the health plans and managed care practice of its healthcare industry group. Niarchos was most recently a partner at Deloitte’s healthcare practice.
Alvarez & Marsal Taxand, an affiliate of professional services firm Alvarez & Marsal, hired senior directors Thomas Ewigleben and Josh Din. Ewigleben previously served at Deloitte and KMPG, while Din joined from PricewaterhouseCoopers.
Daniel Williams and Barry Monheit joined Simon Consulting as senior managing directors. Williams previously held positions at RSM, Deloitte and Arthur Andersen, while Monheit is the co-founder and former president of the financial division of FTI Consulting.
Deloitte issued a financial reporting alert that discusses certain key accounting and financial reporting considerations related to conditions that may result from the COVID-19 pandemic.
Phore, a blockchain platform, fintech ecosystem and B2B services organization, has appointed former Deloitte Consulting senior manager, Mike Trisko, as chief executive officer, effective immediately, along with other leadership changes.
Deloitte has appointed Lara Abrash as chair and CEO of Deloitte & Touche, leading Deloitte’s U.S. Audit & Assurance practice; Dan Helfrich as chairman and CEO of Deloitte Consulting; and John Peirson as CEO of Deloitte Risk and Financial Advisory, in each case effective June 2, 2019.
According to a Deloitte survey of corporate dealmakers and private equity firms, dealmaker optimism is at a three-year high, with most respondents anticipating more and bigger merger and acquisition deals in 2019.