BRASILIA, Aug 3 (Reuters) - Brazilian steak house restaurant chain Madero has requested approval for an initial public offering with the aim of raising funds to expand and pay for strategic acquisitions, it said in a statement on Tuesday.
The share offering will be coordinated by BTG Pactual
, Bank of America , Bradesco BBI, Itau BBA, UBS BB and JP Morgan .
Primary shares sold will go to raise its working capital, while a secondary offering will come from current shareholders selling their stake, Madero said.
The chain began in 2005 in the southern city of Curitiba and has expanded rapidly to 238 restaurants and franchises, supplied by its own production platform and logistics.
Madero is 64.8% owned by Luiz Durski Junior and investment firm Carlyle has a 27.6% stake.
(Reporting by Anthony Boadle Editing by Bill Berkrot)
((anthony.boadle@tr.com +55 61 98204-1110;
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