The Bubble Tea Wars: Regulatory Scrutiny and PE Firms' Peril Bain Capital's acquisition of Gong cha, a global bubble tea chain, has sparked concern among private equity firms operating in South Korea.
The deal highlights the growing regulatory scrutiny faced by these companies in key markets.
MBK Partners, one of Asia's largest private equity firms, was involved in the Gong cha deal but ultimately failed to secure it due to regulatory pressure at home.