The future of the Cabana Latin American restaurant brand has been secured with a management buyout, which has kept 72 staff jobs.
CEO Ed Standring completed the transaction through a new investment platform, Cherry Equity Partners, backed by an international family office.
Cabana will continue to operate at its three current locations in Covent Garden, Westfield Stratford and the O2 Arena, as well as its franchise business in Saudi Arabia.
The group has collaborated with its advisors to explore investment opportunities to maintain operations and support expansion plans.
The sales process overseen by Interpath attracted interest from several potential buyers.
Interpath said the deal future-proofs the business and creates a “sustainable financial platform” for future growth.
Standring said: “We are delighted to have completed the acquisition of the Cabana business and are confident that this new investment will allow us to focus on growing the brand and unlocking its full potential.
“This is the first acquisition of our new investment platform Cherry Equity Partners, and while the coming year will be difficult for the industry, we see it as a time of growth.”
Interpath’s Ravi Patel, who advised on the deal, said: “We are delighted to be guiding Cabana through this challenging period for operators across the hospitality industry. This deal secures jobs, continuity and provides a solid foundation for future growth under new ownership.
