Uganda: Java House to Change Hands for Fourth Time in 12 Years

Kampala, Uganda — Kenyan coffee and casual dining chain, Java House, is set for its fourth ownership change in just 12 years. The current owner, London-based private equity firm Actis, has agreed to sell the brand to Alterra Capital and Phatisa Group, in a deal that remains undisclosed, according to a notice from the Malawi-based COMESA Competition Commission. However, the filing reveals that Mauritius-based Alterra Capital will hold a majority stake in the coffee chain.

Actis first announced…