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Dangote-backed investors to acquire Kenyan coffee chain, Java House
A private equity firm backed by Aliko Dangote is preparing to enter Kenya’s food and beverage market by acquiring Java House, a leading coffee chain.
Alterra Capital, an Africa-focused private equity fund with Dangote among its key investors, is partnering with Phatisa Group to purchase the restaurant chain from UK-based investment firm Actis for an undisclosed sum.
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According to a Malawi-based COMESA Competition Commission notice, Mauritius-based Alterra will hold a majority stake in Java House.
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