TA Associates Said to Be Considering Sale of Bubble-Tea Maker Gong Cha

TA Associates is considering selling bubble-tea maker Gong cha, according to people with knowledge of the matter.

TA is working with JPMorgan Chase & Co. on the potential deal, the people said, asking not to be identified because the information is private. A transaction might value Gong cha at about $2 billion, the people said.