TA Associates announced that Bain Capital plans to acquire Gong cha, which is owned by TA Associates. Financial terms were not disclosed, and the transaction is expected to close in the fourth quarter of 2026.
TA Associates, headquartered in Boston and Hong Kong, announced that Bain Capital, one of the world's leading private equity firms, will acquire Gong cha. The definitive transaction terms have not been disclosed, and the transaction is expected to close in the fourth quarter of 2026.
Gong cha currently operates approximately 2,200 stores across 33 markets worldwide and serves more than 150 million beverages annually. TA has supported Gong cha's global expansion strategy and multiple value-creation initiatives, including digital kitchens.
Bain Capital's partners value Gong cha's distinctive brand, global network and franchise economics, and see further growth opportunities in the Asia-Pacific region, including Japan, and the Americas. Gong cha's financial advisers are J.P. Morgan and North Point, while Bain Capital's financial adviser is Nomura Securities.