Partners Group Is Cashing Out of Gong Cha After Bain’s Bubble-Tea Buyout
Partners Group is set to exit its investment in Gong cha after Bain Capital agreed to acquire the global tea chain from TA Associates.
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Why It Matters
An investment company (Partners Group) is selling its share of a popular bubble-tea restaurant chain called Gong Cha to another investment company (Bain Capital). This shows that investors think the business is doing well enough to pass along to new owners.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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