Bloomin' Brands acquires 40% additional stake in Brazilian JV for $111M

• Bloomin' Brands (BLMN) acquires an additional 40% stake in its Brazilian Outback Steakhouse joint venture for $111M in cash. BLMN now holds a 90% stake in the ops, with provisions to acquire the remaining interest between 2015-2018. (8-K)
• The JV, called PGS Consultoria e Servicos, generated revenue of $63.8M and net income of $5.3M in Q2.