Partners Group Exits Investment in Gong cha

Partners Group announced its exit from a private credit investment in Gong cha, a rapidly expanding global tea brand. This follows the agreement of TA Associates to sell Gong cha to Bain Capital, closing Partners Group's involvement in both private credit and minority equity.

In 2019, Partners Group provided over USD 200 million in financing to support TA's acquisition of Gong cha. Under Partners Group's investment, Gong cha expanded from 1,000 to nearly 2,200 stores across 33 markets and enhanced its operational model through strategic acquisitions and technology integration.

Zongwen Tan, Head of Direct Lending Asia at Partners Group, highlighted Gong cha's alignment with the firm's strategy, noting the company's growth and competitive edge. This exit underscores Partners Group's established private credit track record in Asia, supported by local teams focused on regional opportunities.