Bain Capital to acquire bubble tea chain Gong Cha

Published Aug 6, 02:52 AM UTC

US private equity firm Bain Capital announced on August 6, 2026, its acquisition of bubble tea chain Gong Cha. The deal, which may be valued at up to US$2 billion according to a May report, is part of Bain Capital's broader push into the food and beverage investment sector. The transaction is expected to close in the fourth quarter of 2026. Financial details were not disclosed by the firm. The acquisition highlights continued private equity interest in the global bubble tea market and consumer food brands.