Partners Group exits Gong cha investment as TA sells tea chain to Bain Capital

(AWP Alliance News) - TA Associates agreed in August 2026 to sell global tea chain Gong cha to Bain Capital, triggering an exit for Partners Group from its private credit and minority equity positions. Partners Group had provided more than USD 200 million in financing as sole lender to back TA's acquisition of Gong cha in 2019. Gong cha has expanded to nearly 2,200 stores across 33 markets, up from about 1,000 stores and 17 markets over the past six years.

The chain serves more than 150 million beverages a year and has pursued expansion through bolt-on deals and operating changes such as automated beverage dispensing.

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Disclaimer: This news brief was created using generative artificial intelligence. Partners Group Holding AG published the original content used to generate this news brief via EQS News on August 24, 2026, and is solely responsible for the information contained therein.