Bain Capital to acquire Gong cha Global
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- —
- Stake
- —
- Implied 100%
- —
- Revenue
- $223m
- Op. income
- —
- Multiples
- —
2025 연결(USD 보도치 환산: 매출 2억1700만달러, EBITDA 7000만달러) · Multiple reports agree
2025 연결(USD 보도치 환산: 매출 2억1700만달러, EBITDA 7000만달러) · Multiple reports agree
- Target
- Gong cha Global · Tea and beverage franchise
- Buyer
- Bain Capital · FI
- Seller
- TA Associates and other shareholders
- Structure
- —
- Announced
- Aug 6, 2026
- Closed
- —
- Stage
- Signed
Target
Gong cha Global is a bubble tea and tea franchise with about 2,200 stores across 33 markets (about 900 in Korea), serving over 150 million drinks a year; its strongest markets are Korea, Japan and Australia with growing presence in the Americas and Europe. It runs a capital-light franchise model.
Deal rationale
Bain Capital cited Gong cha's brand loyalty and franchisee profitability, planning to expand stores in Japan and Korea, grow the US direct-franchising business and deepen digital and loyalty programs. Seller TA Associates bought Gong cha from UCK Partners in 2019 for about KRW 350 billion and held it for about seven years. Terms were undisclosed; Nikkei estimated USD 635 million (about KRW 900 billion), and Bizwatch reported the sellers had sought about KRW 2 trillion (roughly 20x EBITDA), a level at which Bain and other global PEFs had earlier paused due diligence.
| Revenue | $223m |
| Operating income | — |
| EBITDA | $72m |
| Net income | — |
2025 연결(USD 보도치 환산: 매출 2억1700만달러, EBITDA 7000만달러) · Multiple reports agree (not yet checked against DART)
Reported multiples
- EV/EBITDA (press estimate) 20.0x 매각 측 희망 기업가치 약 2조원 기준(2026-08-03 보도, 실제 거래가 아님); 2025년 EBITDA 7000만달러(약 1045억원) source ↗
Press coverage
- Bain Capital press release (2026-08-06): “The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.”
- SBS Biz (2026-08-06): “베인캐피탈은 미국계 PEF 운용사 TA어소시에이츠와 기존 주주들이 보유한 공차글로벌 지분을 인수하는 계약을 체결했다고 6일 밝혔습니다.”
- 이투데이 (2026-08-06): “거래 완결(딜 클로징)은 올 4분기 중 마무리될 예정이다.”
- 비즈워치 (2026-08-03): “매출 2억1700만달러(약 3238억원), EBITDA 7000만달러(약 1045억원)”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.