Bain Capital to acquire bubble tea chain Gong cha

Bain Capital has agreed to get Gong cha Global (Gong cha) from TA Associates and different existing shareholders for an undisclosed sum.

Gong cha presently operates astir 2,200 bubble beverage outlets successful 33 markets worldwide.

Founded successful Taiwan successful 2006, the marque has established its beingness successful Japan, Korea and Australia, and is expanding its footprint successful the Americas and Europe.

Bain Capital plans to collaborate with Gong cha's absorption squad to enactment the brand's adjacent signifier of growth.

The contiguous absorption volition beryllium connected continuing the chain's store enlargement strategy successful Japan and Korea. At the aforesaid time, the institution aims to accelerate its maturation trajectory successful the US.

In parallel, Bain Capital seeks to enactment Gong cha successful strengthening lawsuit engagement done merchandise innovation, expanded usage of integer selling and the improvement of loyalty initiatives.

Bain Capital spouse Naofumi Nishi said: "Gong cha has built a distinctive and globally recognised marque with a loyal lawsuit basal and franchisee economics that are among the strongest successful the sector.

"The absorption team's disciplined attack to store enlargement has created a beardown level with important country to turn crossed the Asia Pacific, including successful Japan, and the Americas.

"We look guardant to partnering with the squad to enactment the adjacent signifier of the group's maturation and continuing to make its operations and marketing, which has been cardinal to its occurrence to date."

The transaction is expected to beryllium finalised successful the 4th fourth of 2026, taxable to customary closing conditions.

Gong cha CEO Paul Reynish said: "We are grateful to TA for its concern and shared committedness to Gong cha's semipermanent success.

"TA's concern has been instrumental successful supporting our planetary enlargement and the continued improvement of our concern model.

"As we statesman this adjacent section with Bain Capital, we look guardant to gathering connected this momentum and bringing much high-quality full leafage beverage to consumers astir the world."

"Bain Capital to get bubble beverage concatenation Gong cha" was primitively created and published by Verdict Food Service, a GlobalData owned brand.