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As bubble tea craze cools in China, can full equity buyouts revive growth?
Bain Capital’s acquisition of Gong Cha may signal a shift in bubble tea investment strategy, as sector slows after years of rapid expansion.
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swissinfo.ch
Partners Group Exits Bubble-Tea Brand Gong Cha After Bain Buyout
(Bloomberg) -- Partners Group will exit its private credit investment in Gong cha after Bain Capital bought the Taiwanese bubble-tea brand from TA Associates this month.
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straitstimes.com
Partners Group exits Gong Cha as Bain takes over bubble tea brand
Partners Group exits bubble-tea brand Gong Cha after Bain Capital buyout, focusing on further private credit investments across Asia amid economic challenges. Read more at…
