Partners Group Exits Bubble Tea Brand Gong Cha After Bain Buyout
Swiss private equity firm Partners Group has exited its investment in the bubble tea brand Gong Cha. This divestment follows a buyout of Gong Cha by Bain Capital.
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Partners Group Exits Bubble-Tea Brand Gong Cha After Bain Buyout
Partners Group will exit its private credit investment in Gong cha after Bain Capital bought the Taiwanese bubble-tea brand from TA Associates this month.
By Megawati Wijaya
Read full article →Swiss Partners Group exits bubble tea investment
Swiss private equity firm Partners Group will exit its private credit investment in Gong cha after Bain Capital bought the Taiwanese bubble tea brand from TA Associates this month. The Swiss-based company said it has entered an agreement to be fully repaid, according to a document seen by Bloomberg. Partners Group in 2019 had provided a financing package of more than $200 million to support TA Associates’ acquisition of Gong cha and also took a minority equity stake. The returns on the invest...
By swissinfo.ch
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