Announced
Completed
Financials
Sources
Tags
Acquisition
Completed
Single Bidder
Private Equity
Minority
tea drinks
Soft Drinks
Private
Venture Capital
Friendly
China
Cross Border
Synopsis
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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