M&A Deal Summary

Bit Brother Acquires Guokui Management

On September 23, 2020, Bit Brother acquired restaurant Guokui Management

Acquisition Highlights
  • This is Bit Brother’s 1st transaction in the Restaurants sector.
  • This is Bit Brother’s 1st transaction in the United States.
  • This is Bit Brother’s 1st transaction in New York.

M&A Deal Summary
Date 2020-09-23
Target Guokui Management
Sector Restaurants
Buyer(s) Bit Brother
Deal Type Add-on Acquisition

Target

Guokui Management

New York, New York, United States
Guokui Management Inc. ("Guokui") is incorporated under the laws of New York State and has been operating Crop Circle restaurant, which features an oval-shaped baked flatbread with various filling selections, a popular street snack originating from northern China's Shaanxi Province.

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Buyer(S) 1

Buyer

Bit Brother

Changsha, China
Category Company
Founded 2011
Sector Restaurants
Employees67
Revenue 6M USD (2021)
DESCRIPTION

Bit Brother is a specialty tea product distributor and retailer. The company's products are focused on taste, aesthetic presentation, and health benefits. Its products are currently being offered via their own stores. Bit Brother was founded in 2011 and is based in Changsha, China.

DEAL STATS #
Overall 1 of 3
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Chuangyeying Brand Management

China

Chuangyeying Brand Management Co., Ltd. is an owns a franchise permit to operate franchise stores. Chuangyeying Brand Management is based in China.

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