East African assets attract private equity interest

Waitresses place a series of orders at the Orbit Place Java House, a chain of Kenyan cafes

The expected sale of east Africa’s largest chain of coffee shops is being regarded as a bellwether deal to measure international private equity groups’ interest in the region.

TPG and Carlyle, two of the world’s largest buy out groups, have in the past few months expressed an interest in purchasing Java House, with the owner hoping any deal will value the coffee chain at as much as $100m, according to people with knowledge of the situation.

The possible deal for Nairobi-based Java is being closely watched by businesses and their advisers in the region given the size of the transaction.

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