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Bain Capital to acquire Gong Cha Global for expansion

8/26/2026

Summary

Story summary

Bain Capital announced a deal to acquire Taiwan-founded bubble-tea brand Gong Cha Global on August 6, United States.
Gong Cha operates almost 2,200 stores in 33 markets worldwide.
Analysts project mid-to-high single-digit growth for China’s bubble-tea sector, down from double-digit.
Sandy Lim of S&P Global Ratings said the slowdown follows years of capital deployment.
Bain will partner with management to expand stores in Japan, South Korea and the United States.

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Story summary

Bain Capital announced a deal to acquire Taiwan-founded bubble-tea brand Gong Cha Global on August 6, United States.
Gong Cha operates almost 2,200 stores in 33 markets worldwide.
Analysts project mid-to-high single-digit growth for China’s bubble-tea sector, down from double-digit.
Sandy Lim of S&P Global Ratings said the slowdown follows years of capital deployment.
Bain will partner with management to expand stores in Japan, South Korea and the United States.