Partners Group has exited its private credit investment in international tea chain Gong cha. Financial details of the transaction and the return generated on the investment were not disclosed.
Gong cha opened its first store in 1996. Today, it operates more than 2,000 locations worldwide. (Image: Sutterstock)
Monday, 24 August 2026 12:14
The Zug-based asset manager supported TA Associates’ acquisition of the Taiwanese company in 2019 as sole lender, providing a financing package of more than $200 million. Partners Group also acquired a minority equity stake in the company.
In August 2026, TA Associates agreed to sell Gong cha to Bain Capital. Reuters reported in May that a sale could value the company at as much as $2 billion. The transaction allows Partners Group to exit both its private credit position and its minority equity investment.
