Bain Capital is set to acquire bubble tea chain Gong cha from existing shareholders that include TA Associates and others, according to multiple reports. The transaction is reported to be valued at more than US$635 million (about A$900 million). The deal involves Bain Capital buying the company outright, though specific terms such as the final purchase price, whether any portion is contingent on approvals, and the exact list of sellers are not detailed in the information provided. Gong cha is described as a popular bubble tea brand, and the acquisition reflects continued private equity interest in consumer and food-and-beverage concepts. Reporting also indicates the transaction includes stakeholders beyond TA Associates, but sources cited here do not break down each party’s stake. The information available focuses on the buyer, the target company, the seller group, and the reported overall deal value. No timing for closing or regulatory review details are included in the excerpts provided.