Bain Capital acquires Gong cha Global
The global franchise tea brand operates nearly 2,200 stores across 33 markets and serves more than 150 million beverages annually through a capital-light model.
Takeaways
- Gong cha Global is a global franchise tea brand offering freshly brewed whole leaf tea beverages.
- Bain Capital is acquiring Gong cha Global.
- The target serves tea beverage consumers across global.
TA Associates and other shareholders have sold Gong cha Global, a premium tea franchise known for freshly brewed whole leaf tea, to Bain Capital.
Gong cha operates nearly 2,200 stores across 33 markets, serving over 150 million beverages annually with a capital-light franchise model underpinned by its digital kitchen and drink dispensing technology.
Bain Capital plans to support disciplined store expansion in Japan, Korea, and the U.S., alongside product innovation, digital marketing, and loyalty initiatives to deepen customer engagement.
“Gong cha is an excellent business with a talented leadership team and strong foundation for continued growth.
We’re proud of what the team has accomplished and look forward to watching the Company’s next chapter unfold,” said Edward Sippel, Managing Director at TA.
Nomura Securities advised Bain Capital; Morgan and NorthPoint advised Gong cha.
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