Bain Capital to buy Taiwan-originated Gong Cha chain for over $635m

The bubble tea empire plans to expand its store network in East Asia and the US

Gong Cha has gained popularity for its bubble tea and operates over 2,000 stores in roughly 30 countries and regions worldwide. (Photo by Kotaro Igarashi)

TOKYO -- Bain Capital has decided to buy Taiwan-originated tea chain Gong Cha, Nikkei learned on Wednesday.

The U.S. investment firm plans to acquire the shares from the American private equity company TA Associates and others for over $635 million.

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