TA Associates completed the investment in Gong Cha Group.

TA Associates, a private equity firm, completed the investment in Gong Cha Group, a provider of premium quality bubble and milk tea. The founders of Gong Cha Korea will participate in the investment alongside TA. Financial terms were not disclosed. “We are very pleased to invest in Gong Cha, a high-growth business that is among the world’s most recognized tea brands. We are incredibly impressed with how successfully the management team has grown Gong Cha into such a profitable, global business. We will work closely with management in supporting the company’s franchise partners to further Gong Cha’s strong business model. We are looking forward to this partnership and helping to grow the Gong Cha brand in new and existing markets,” Edward Sippel, TA Associates Managing Director.