Taiwan ·
Bain Capital buys Taiwan-founded Gong cha from TA Associates for $635M+, well below its earlier $2B ask
Bain Capital agreed to acquire the nearly 2,200-store bubble-tea chain — founded in Kaohsiung, Taiwan in 2006 — from TA Associates and other shareholders in a sponsor-to-sponsor secondary reportedly valuing Gong cha north of $635 million, a steep markdown from the roughly $2 billion TA Associates had sought earlier in the year, with the deal expected to close in Q4 2026.
Source: CNBC ↗
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