The largest coffee chain in East Africa, Java House, is undergoing a change in ownership as Actis, a London-based private equity firm, is selling the business to two Africa-focused investment firms: Alterra Capital and Phatisa Group. This transfer of ownership is the fourth in just 12 years, highlighting the enduring appeal of Java House to investors. Actis has been seeking buyers for Java House since 2023, with several interested parties vying for the acquisition.
The sale to Alterra and Phatisa is expected to be finalized by the end of January 2025, with Alterra holding the majority stake and Phatisa having a smaller share but retaining control rights.
Established in 1999 as a single coffee shop in Nairobi, Java House has expanded to over 80 branches across Kenya, Uganda, and Rwanda. The chain also manages other popular brands like Planet Yogurt and 360 Degrees Pizza. Various ownership changes have influenced its growth trajectory, with each transition shaping its evolution.
The sale to Alterra and Phatisa signifies a new phase for Java House, with both firms dedicated to expanding African businesses. Alterra focuses on sectors such as food and hospitality, while Phatisa specializes in the food value chain. This collaboration could invigorate Java House’s operations and broaden its market presence.
As Java House enters this new chapter, its reputation as a trailblazer in East Africa’s coffee culture remains unwavering. This acquisition could set the stage for further growth, solidifying its position as a household name in the region.