Partners Group is set to exit its private credit investment in bubble-tea chain Gong Cha following Bain Capital’s acquisition of the Taiwanese brand from TA Associates earlier this month.
The private markets investor provided more than $200m in financing as sole lender to support TA’s acquisition of Gong cha in 2019, alongside taking a minority equity stake in the business.
TA agreed to sell the company to Bain Capital in August 2026, allowing Partners Group to realise its investment across both...
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