The Dubai growth market investment company, Abraaj Group has announced that it’s buying 100% of Java House Group from from private equity firm Emerging Capital Partners (ECP), and the Company’s founder and chairman, Kevin Ashley.
Founded in Dubai in 2002 by Arif Naqvi, the investment group has grown to have a total asset base of more than $10 billion. Java House Group is East Africa’s leading coffee-led casual dining chain established in Nairobi in 1999. The group’s majority stake was acquired in 2012 by the Emerging Capital Partners, with the founder retaining a minority stake.
Jave House has grown from 13 shops in Nairobi to a footprint of 60 stores across 10 cities in Kenya, Uganda and Rwanda.
The Java House Group has three flagship brands: Java House, the largest coffee-led, all-day casual dining concept; Planet Yogurt, the self-service frozen yogurt chain; and 360 Degrees Artisan Pizza, an upmarket Italian pizzeria concept. Java House also operates commercial coffee roasteries, providing coffee and bean sales to its own stores and to supermarkets, hotels, restaurants and wholesale buyers.
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ava House currently serves over 320,000 guest checks per month, offering food and drinks covering 25 different food categories, and employs 2000 people.
Through the Abraaj buyout, the company hopes to become the leading pan-African casual dining / food services platform, expanding into new markets.
The transaction will close once closing conditions and regulatory approvals are obtained.
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