Carlyle Group and TPG Capital make $100M bid for Kenyan coffee chain Java House

Carlyle Group And TPG Capital Make $100M Bid for Kenyan coffee chain Java House

Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House in a deal that could be worth as much as $100 million.

According to a report by Kenyan newspaper Business Daily, the two giant PE firms are among a group of institutional investors who are making a bid to purchase the coffee chain from its current owner, Emerging capital Partners (ECP).

In 2012, Emerging Capital Partners, a leading Pan-African private equity firm, acquired a controlling stake in Java House for an undisclosed sum from its American founders, Kevin Ashley and John Wagner. ECP currently owns an estimated 90% stake in the company.

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