Bain Capital is buying Gong cha from TA Associates, a private equity firm that purchased the bubble tea chain in 2019, according toBain Capital is buying Gong cha from TA Associates, a private equity firm that purchased the bubble tea chain in 2019, according toBain Capital is buying Gong cha from TA Associates, a private equity firm that purchased the bubble tea chain in 2019, according toBain Capital is buying Gong cha from TA Associates, a private equity firm that purchased the bubble tea chain in 2019, according toBain Capital is buying Gong cha from TA Associates, a private equity firm that purchased the bubble tea chain in 2019, according toBain Capital is buying Gong cha from TA Associates, a private equity firm that purchased the bubble tea chain in 2019, according toThe terms of the transaction were not disclosed, but the deal is expected to close in the fourth quarter. The terms of the transaction were not disclosed, but the deal is expected to close in the fourth quarter. The terms of the transaction were not disclosed, but the deal is expected to close in the fourth quarter. The terms of the transaction were not disclosed, but the deal is expected to close in the fourth quarter. Gong cha has about 2,200 locations worldwide, including roughly 240 in the U.S. as of March.