Abraaj Group plans to acquire 100% of Kenya-based coffeehouse and dining chain Java House from private equity firm Emerging Capital Partners (ECP), and the Company’s founder and chairman, Kevin Ashley, the company announced in a statementon Monday. Java House, which runs three flagship brands, runs 60 stores across 10 cities in Kenya, Uganda and Rwanda. Freshfields Bruckhaus Deringer LLP and Bowmans in Kenya were tapped as legal advisors, while PricewaterhouseCoopers will act as financial and tax advisors to Abraaj on the transaction, whose size had not been disclosed yet.
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