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Unison Capital puts Gong Cha up for sale
The private equity firm is offering 100% of its stake.
South Korean equity firm Unison Capital is selling the tea chain Gong Cha for US$442 million, Korean Investors reported.
Citing investment banking sources, the firm is reportedly offering 100% of its stake in the brand. The whole stake is said to be worth from US$354 million to US$442 million, which is 15 times their EBITDA.
Gong Cha was bought by Unison Capital last 2014. Three years later, they took over the chain’s global headquarters US$35.6 million.
Photo credit: Gong Cha Taiwan
