Investments
8Portfolio Exits
7Funds
8Service Providers
2About Rhone Capital
Rhone Capital is a private equity and global asset management firm with a focus on investments in market leading businesses with a pan-European or transatlantic presence and expansion prospects. Rhone has offices in London and New York and holds investments in a diversified portfolio of companies, including investments in the business services, chemicals, consumer products, industrial products, food, packaging, specialty materials, and transportation sectors.
Rhone Capital Headquarter Location
630 Fifth Avenue, Suite 3110
New York, New York, 10111,
United States
212-218-6700
Rhone Capital Web Traffic
Rhone Capital Rank
Latest Rhone Capital News
Nov 18, 2021
Published Nov. 18, 2021 Dive Brief: Fogo de Chao, the Brazilian steakhouse chain, declared its intent to go public on Tuesday. The number of shares that will be offered and the price range of the IPO haven't been determined. The company will trade on the New York Stock Exchange under "FOGO." The chain reported strong growth despite pandemic disruption in 2020. Average unit volumes were $7.9 million for the year ended in Q3 2021, according to an S-1 Form filed with the U.S. Securities Exchange Commission. Fogo plans to use IPO funds to pay down $344.2 million in debt, and aims to grow its 60-unit network by 300 stores in the next 20 years. This would be Fogo's second foray into the public markets. The chain was taken private in 2018 in a sale to private equity firm Rhone Capital for $560 million. Dive Insight: Though Fogo wasn't immune to the impact of the COVID-19 crisis, the casual giant was more nimble than many full-service competitors in updating operations to meet new consumer demands — investments that have paid off this year. The chain recorded $296 million in revenue for the year ended in Oct. 3, 2021, according to its S-1 filing . Restaurant contribution margin was 30% in the 39 weeks ended Oct. 3, which is also consistent with its pre-pandemic performance. Prior to the COVID-19 crisis, Fogo de Chao didn't offer off-premise service. But when dining room closures took effect, the company set up delivery with third-party partners in just three days, CEO Barry McGowan told Restaurant Dive in an interview earlier this year . This rapid pivot helped the chain return to 96% of pre-pandemic revenue with 60% capacity across its locations just seven months later. Sales are still going strong, and are positive. Relative to 2019 numbers, Fogo reported 39% comparable sales growth as of October 2021 compared to negative 5% for October 2020. "In recent years, we innovated differentiated, new revenue platforms to drive frequency across guest need states, including weekday lunch, dinner, weekend Brazilian brunch and group dining, plus Bar Fogo, full-service catering and takeout and delivery options," the company said in its S-1 filing. "Our revenue platform expansion has effectively generated new trial and increased frequency as evidenced by our six-year track record of consecutive year-over-year traffic growth through Fiscal 2019." Going public could position Fogo for long-term growth and continued off-premise innovation and help the full-service chain maintain its health as diner demand for quick, off-premise meal occasions holds steady. It's far from the only chain to do so this year — restaurants across segments are throwing their hats in the public ring in the hopes of more aggressive expansion and sales growth. Krispy Kreme , Portillo's , First Watch and Dutch Bros have also gone public in 2021, and Sweetgreen announced pricing for its initial public offering Thursday. Panera Brands also plans to go public. Follow Emma Liem Beckett on Twitter
Rhone Capital Investments
8 Investments
Rhone Capital has made 8 investments. Their latest investment was in Wahoo Fitness as part of their Private Equity - II on July 7, 2021.
Rhone Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/7/2021 | Private Equity - II | Wahoo Fitness | Yes | 2 | ||
11/23/2020 | Private Equity | |||||
8/2/2018 | Private Equity | |||||
10/25/2017 | PIPE | |||||
8/23/2017 | Private Equity |
Date | 7/7/2021 | 11/23/2020 | 8/2/2018 | 10/25/2017 | 8/23/2017 |
---|---|---|---|---|---|
Round | Private Equity - II | Private Equity | Private Equity | PIPE | Private Equity |
Company | Wahoo Fitness | ||||
Amount | |||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 2 |
Rhone Capital Portfolio Exits
7 Portfolio Exits
Rhone Capital has 7 portfolio exits. Their latest portfolio exit was Global Knowledge on October 13, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/13/2020 | Acq - Pending | 2 | |||
Date | 10/13/2020 | ||||
---|---|---|---|---|---|
Exit | Acq - Pending | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
Rhone Capital Acquisitions
16 Acquisitions
Rhone Capital acquired 16 companies. Their latest acquisition was Paragon Films on November 11, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
11/11/2021 | Acq - Fin - III | 1 | ||||
6/30/2020 | Series E+ | $144.46M | Acq - Fin | 1 | ||
6/30/2020 | Acq - Fin | 8 | ||||
4/7/2020 | ||||||
2/26/2019 |
Date | 11/11/2021 | 6/30/2020 | 6/30/2020 | 4/7/2020 | 2/26/2019 |
---|---|---|---|---|---|
Investment Stage | Series E+ | ||||
Companies | |||||
Valuation | |||||
Total Funding | $144.46M | ||||
Note | Acq - Fin - III | Acq - Fin | Acq - Fin | ||
Sources | 1 | 1 | 8 |
Rhone Capital Fund History
8 Fund Histories
Rhone Capital has 8 funds, including Rhone Partners VI.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
3/9/2022 | Rhone Partners VI | $2,400M | 1 | ||
6/30/2015 | Rhone Partners V | ||||
6/30/2012 | Rhone Partners IV | ||||
7/1/2006 | Rhone Partners III | ||||
9/30/2003 | Rhone Offshore Partners II |
Closing Date | 3/9/2022 | 6/30/2015 | 6/30/2012 | 7/1/2006 | 9/30/2003 |
---|---|---|---|---|---|
Fund | Rhone Partners VI | Rhone Partners V | Rhone Partners IV | Rhone Partners III | Rhone Offshore Partners II |
Fund Type | |||||
Status | |||||
Amount | $2,400M | ||||
Sources | 1 |
Rhone Capital Service Providers
2 Service Providers
Rhone Capital has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Private Equity | Investment Bank | Financial Advisor | |
Service Provider | ||
---|---|---|
Associated Rounds | Private Equity | |
Provider Type | Investment Bank | |
Service Type | Financial Advisor |
Partnership data by VentureSource
Rhone Capital Team
5 Team Members
Rhone Capital has 5 team members, including current Founder, Managing Director, Steven M. Langman.
Name | Work History | Title | Status |
---|---|---|---|
Steven M. Langman | Founder, Managing Director | Current | |
Franz-Ferdinand Buerstedde | Managing Director | Current | |
Patrick Mundt | Rothschild & Co, and Electrocomponents | Managing Director | Current |
Sebastien Mazella di Bosco | Managing Director | Former | |
Martin F. Lewis | Greenhill & Co., Wasserstein Perella, Blackstone, Chemical Financial Corporation, Rothschild & Co, and PwC | Managing Director | Former |
Name | Steven M. Langman | Franz-Ferdinand Buerstedde | Patrick Mundt | Sebastien Mazella di Bosco | Martin F. Lewis |
---|---|---|---|---|---|
Work History | Rothschild & Co, and Electrocomponents | Greenhill & Co., Wasserstein Perella, Blackstone, Chemical Financial Corporation, Rothschild & Co, and PwC | |||
Title | Founder, Managing Director | Managing Director | Managing Director | Managing Director | Managing Director |
Status | Current | Current | Current | Former | Former |
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