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A consortium of investors led a $500m round in Hey Tea.

Financials

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Transaction Value£361m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Acquisition

Completed

Single Bidder

Private Equity

Minority

tea drinks

Soft Drinks

Private

Venture Capital

Friendly

China

Cross Border

Synopsis

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A consortium of investors, including Tencent, Sequoia China, BA Capital, Hillhouse Capital, L Catterton, Sunrise Capital and Temasek, led a $500m round in Hey Tea, a tea drink chain. HeyTea, formerly known as Royal Tea until a brand overhall in 2016, was founded in Guangdong by Nie Yunchen in 2012.

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