Investment firm Bain Capital announced on August 6, 2026 an agreement to acquire Gong Cha Global from TA Associates. Gong Cha is one of the best-known international tea and tea-based beverage brands, operating nearly 2,200 locations across 33 markets with leading positions across Asia-Pacific, including Japan, South Korea, and Australia.
The deal marks one of the most significant moves in the global tea industry this year and confirms investor appetite for bubble-tea-style brands, a segment growing rapidly worldwide, driven by rising demand for customizable, portable tea-based drinks. Financial terms of the transaction were not disclosed.
The precise terms of the deal’s completion are expected to be finalized in the coming period, subject to the usual regulatory approvals for transactions of this scale.
Source: Bain Capital