London-based buyout firm Actis LLP is initiating the sale of Java House, a restaurant chain in East Africa.
Actis has enlisted Flamingo Capital Partners, an advisory firm with an African focus, to facilitate the sale.
Actis aims to sell the entire restaurant chain for an amount yet to be disclosed. Since acquiring the chain from the Dubai-based Abraaj Group in 1999, Actis has owned Java House.
Established in Nairobi in 1999, it saw Emerging Capital Partners acquire a 90% majority stake in 2012, while the founder kept a 10% minority stake.
The group also owns additional food chains: 360 Degrees Artisan Pizza, Kukito, and Planet Yogurt. Moreover, it runs commercial coffee roasteries.
