Kenyan coffee chain Java House is set to change hands for the fourth time in 12 years.
London-based private equity firm Actis has agreed to sell Java House to Alterra Capital and Phatisa Group, both Africa-focused private equity firms.
While the transaction value remains undisclosed, Mauritius-based Alterra will hold a majority stake.
Founded in 1999, Java House has grown to operate 73 outlets across Kenya, Uganda, and Rwanda.
The chain is part of the Java House Group, which also encompasses food manufacturer Foodscape and other F&B brands like Kukito, Planet Yogurt, and 360 Degrees Artisan Pizza.
This acquisition marks a significant development in the Kenyan F&B sector.
Alterra and Phatisa, with their respective expertise in financial services and the African food value chain, are poised to drive the next phase of growth for Java House.
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