Transaction Summary
Alterra Capital Partners (Alterra) and Phatisa Fund Managers 2 Limited (Phatisa) have signed an agreement with Actis LLP for the proposed acquisition of Actis’ 100% equity stake in Java House Limited (Java House), pending review by the COMESA Competition Commission. Java House, an investment holding company operating in the fast-food and restaurant sector across East Africa, was established in 1999 and has grown into a leading casual dining brand with 93 outlets in 14 cities across Kenya, Uganda, and Rwanda as of December 2024. Its portfolio includes Java House, Planet Yogurt, Three Sixty Degrees Pizza, Kukito Africa, and Foodscape Africa. Alterra, through its Alterra Africa Accelerator Fund—a $140 million fund targeting Pan-African mid-market investments—will acquire a majority stake, while Phatisa, via its $143 million Phatisa Food Fund 2 focused on Africa’s food value chain, will secure a minority shareholding with control rights. The transaction enables Actis LLP to exit its
