The Cabana Latin American restaurant brand's future has been secured through a management buyout, preserving 72 staff jobs.
Chief Executive Ed Standring finalised the deal through a new investment platform, Cherry Equity Partners, supported by an international family office.
Cabana will continue operating at its three current locations in Covent Garden, Westfield Stratford, and the O2 Arena, along with its franchise business in Saudi Arabia.
The group has been collaborating with its advisers to explore investment opportunities to sustain operations and support expansion plans.
The sale process, overseen by Interpath, garnered interest from a variety of potential buyers.
Interpath stated that the deal ensures the future of the business and establishes 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 enable us to focus on growing the brand and unlocking its full potential.
“This is the first acquisition by our new Cherry Equity Partners investment platform and, whilst the year ahead is going to be tough for the sector, we do see it as a time to grow.”
Interpath’s Ravi Patel, who advised on the transaction, said: “We are pleased to have guided Cabana through what has been a challenging period for operators right across the hospitality sector. This deal secures jobs, continuity, and puts in place a solid foundation for future growth under new ownership.”