BAIN CAPITAL GSS INVESTMENT CORP C/WTS (TO PUR COM) 01/01/2028

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Gong Cha, the bubble tea chain, is reportedly seeking a sale valued at up to $2 billion, attracting interest from private equity firms Bain Capital and General Atlantic. TA Associates, the current owner, has engaged JPMorgan to manage the sale process, with binding bids expected by mid-June. Gong Cha, founded in Taiwan in 2006, operates nearly 2,200 locations globally and reported a 14% revenue increase to $217 million last year. The company has expanded into new markets and made strategic acquisitions in the U.S.

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Bain Capital GSS Investment

Bain Capital Specialty Finance

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Gong Cha's planned $2.5 billion sale draws private equity interest, sources say

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Bain Capital has successfully raised US$10.5 billion for its sixth Asia buyout fund, exceeding its initial US$7 billion target due to strong investor demand. The fundraising, completed in about seven months, highlights Bain's dominance in the region amid a broader industry slowdown. The firm also raised US$2 billion for a Japan fund last year. Bain's senior management contributed over US$1 billion of their own capital, reinforcing their commitment to investors. This success reflects a trend where institutional investors are favoring established firms in a challenging private equity landscape.

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Bain Capital raises US$12.5 billion in Asia, Japan fund sprint

Angelo Rufino, head of Bain Capital's North America Special Situations Group and Europe Special Situations Group, warned that the default rate in the software industry could rise to high single digits or low double digits due to the impact of artificial intelligence and maturing loans. He pointed out that the rise of AI will limit the pricing power of software service companies and increase the difficulty of debt refinancing. Although the risks in the software industry are unlikely to trigger broader issues in the credit market, Rufino believes that the current credit spreads are too tight

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Bain warns: The default rate risk in the software industry may reach double digits

CVC Capital Partners has agreed to sell Japanese personal care company FineToday to Bain Capital for approximately 200 billion yen (US$1.29 billion). The deal follows FineToday’s failed IPO attempt in October, which did not meet CVC's valuation expectations. FineToday, created in 2021 from Shiseido's personal-care unit, markets brands like Tsubaki and Fino, with significant sales from overseas, particularly China. The company reported 107.3 billion yen in revenue for 2024 and an improved adjusted EBITDA margin of 21% in the first half of 2025.

CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source

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Global M&A is set to maintain momentum in 2026, following a 40% rise to $4.9 trillion in 2025, according to Bain & Company's report. 80% of M&A executives anticipate sustained or increased deal activity, driven by technology disruption, geopolitics, and evolving portfolio strategies. AI adoption in M&A has more than doubled, with 45% of executives utilizing AI tools. However, high capital demand poses challenges, as M&A capital allocation is at a 30-year low. Bain outlines five strategies for M&A success in 2026, emphasizing the need for disciplined reinvention and value creation.

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00:10 ET
			
			
				Global M&A poised to sustain momentum in 2026 after great rebound, finds Bain & Company

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Bain Capital has made a binding offer for FineToday Holdings, a Japanese personal-care group, aiming to expand in Asia's beauty market. Competitors KKR and Blackstone have withdrawn from the bidding. FineToday, known for brands like Tsubaki shampoo, operates in 11 Asian markets, with China being a significant market. The company previously attempted an IPO but faced valuation issues. Japan's deal-making reached a record high in 2025, driven by corporate governance reforms and private equity interest.

BAIN CAPITAL GSS INVESTMENT CORP C/WTS (TO PUR COM) 01/01/2028(BCSS+.US)

Gong Cha's planned $2.5 billion sale draws private equity interest, sources say

Bain Capital raises US$12.5 billion in Asia, Japan fund sprint

Bain warns: The default rate risk in the software industry may reach double digits

CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source

00:10 ET Global M&A poised to sustain momentum in 2026 after great rebound, finds Bain & Company