TreeCorp Investimentos acquired a controlling stake in Brazil-based food chain Cabana Burger Restaurante e Lanchonete for R$60m. 

(WSJ) Brazilian middle-market investor TreeCorp Investimentos acquired a controlling stake in Cabana Burger as the coronavirus pandemic hit the chain, but cost cuts and a shift to delivery helped restore revenue and profit.

Soon after the deal closed in March, São Paulo-based Cabana Burger Restaurante e Lanchonete SA had to shut down its stores to comply with lockdown orders stemming from the pandemic. That prompted the private-equity firm to launch a crisis response that included closely tracking the company’s performance and communicating.

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