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|| Dubai private equity firm acquired casual dining firm Java House for $100 million

abraaj-java.jpgDubai private equity firm Abraaj Group has acquired Java House Group, an East African casual dining chain, for $100 million.

Java House Group was established in Nairobi in 1999. In 2012 Emerging Capital Partners, a private equity firm, acquired a majority stake in the company, Today it has 60 stores across 10 cities in Kenya, Uganda and Rwanda. (Till today Abraaj Group has deployed $3.2 billion in 80 transactions in Africa. Terms of the deal is not disclosed but DubaiBeat sources are suggesting a purchase price of around $100 million).

Abraaj Group is listed in the Middle East Investors Directory with the code OR01.

More details follows:



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