PE firms intend to buy Actis' Java House shareholding
The COMESA Competition Commission has received a notification concerning the proposed acquisition of joint control over Java House.
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The COMESA Competition Commission has received a notification concerning the proposed acquisition of joint control over Java House, an East African restaurant chain, by funds managed by Alterra Capital Partners and Phatisa. The funds intend to acquire the stake from Actis.
Java House operates across the fast-food and restaurant sectors, with a portfolio that includes Java House outlets in Kenya, Uganda, and Rwanda; Planet Yogurt in Kenya; Three Sixty Degrees Pizza in Kenya and Rwanda; Kukito Africa in Kenya; and Foodscape Africa, a centralised procurement and production facility specialising in baked goods, coffee, and prepared foods
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