Private Equity 8 Hours

Last updated: August 5, 2026, 8:31 PM ET

Private Equity Dealmaking Activity

Bain Capital is set to acquire Gong cha, a prominent tea beverage chain, from TA Associates. Gong cha serves a variety of drinks, including milk tea, fruit tea, and other cold beverages. In a separate transaction, KKR-backed FGS has acquired Rich Feuer Anderson, a government affairs firm. This acquisition represents FGS's second purchase of a bipartisan government affairs company, following their previous acquisition of Tarplin, Downs & Young in September 2025.

Venture Capital and Tech Sector Trends

Moove has successfully raised $250 million in new funding to establish itself as a key player in the robotaxi industry. The company is expanding its operations in autonomous vehicle fleet management and aims to eventually own Waymo robotaxis rather than just manage them. In human resources news, Lightspeed partners Josh Machiz and Claire Zau discussed their recruitment strategies, including making contact with potential hires via Instagram direct messages. The tech sector continues to face workforce reductions, with over 127,000 employees at U.S. tech companies laid off in 2025 alone, and these job cuts have persisted into 2026.