NEW YORK (TheDeal) -- Fogo de Chão, the Dallas-based Brazilian steakhouse chain, filed on Monday for an initial public offering, saying it would raise $75 million, according to its S-1 filed with the Securities and Exchange Commission.

Terms of the offering have yet to be disclosed and the $75 million is likely a placeholder figure until those terms are closer to being finalized. The company, which is backed by private-equity firm Thomas H. Lee Partners, intends to list its shares on the Nasdaq under the ticker symbol FOGO.

Joint book-running managers for the IPO include Jefferies and JPMorgan Securities. Additional underwriters include Credit Suisse Securities (USA), Deutsche Bank Securities, Piper Jaffray & Co. and Wells Fargo Securities.

Fogo de Chão was acquired by private-equity firm Thomas H. Lee from GP Investments Ltd. in 2012 for an enterprise value of $426 million. Thomas H. Lee financed the deal with $176 million of equity and $250 million of debt, according to a report from Moody's Investors Service.

Today, the private equity owner holds a 96% stake in the company. All proceeds from the offering will go to the selling shareholders, according to the filing.

Since Thomas H. Lee bought the chain in 2012, it had grown from 27 restaurants to 34 by 2014, with 26 located in the U.S. and nine in Brazil.

For the fiscal year ended Dec. 28, comparable restaurant sales at the chain grew 2.9% in the U.S. and 11.4% in Brazil.

Revenue at Fogo de Chão grew to about $262 million in its most recent fiscal year, compared with approximately $219 million for the same period a year prior. Net income bounced back in 2014 to more than $17 million, compared with a net loss of nearly $1 million for the same period a year prior.

Meanwhile, adjusted Ebitda for the fiscal year ended Dec. 28 was about $63 million compared with about $50 million for the same period a year prior. Ebitda for the most recent fiscal year was about $53 million compared with about $33 million for the same period a year prior.

Fogo de Chão has about $19 million in cash and cash equivalents and long-term debt of about $243 million.

The company was founded in 1979 by brothers Arri and Jair Coser, who opened their first restaurant in 1979 in Porto Alegre, Brazil. In 1986, the restaurant expanded to São Paulo, a city where Fogo de Chão now operates five restaurants. The chain opened its first restaurant in the States in 1997 in Addison, Texas, a suburb of Dallas.

The chain is best known for its Brazilian style of roasting meats over an open fire known as churrasco, which means barbecue in English.

Davis Polk & Wardwell LLP and Latham & Watkins LLP are providing legal advice on the offering.  

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