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Emerging Capital Partners acquires majority stake in Kenya's Artcaffe Group

Emerging Capital Partners LLC bought a substantial majority stake in Kenya-based restaurant chain Artcaffe Group, Reuters reported.

The Africa-focused private investment firm did not disclose the financial terms of the deal, but told Reuters that the acquired stake was substantial.

The investment follows the firm's exit of casual dining and coffee chain Nairobi Java House, which was sold to Abraaj Group Ltd. in September 2017.